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Roughly 120,000 tech roles have now been cut in 2026, according to Layoffs.fyi
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TechCrunch recently wrote about why that rationale is something companies may want to rethink, not least because for many of these companies, the teams they’re now cutting ballooned during the pandemic hiring surge, raising questions about what’s going on right now.
Key facts
- The company reported first-quarter revenue of $264 million, up 23% year-over-year, and expects to incur $30 to $35 million in restructuring costs
- Alphabet’s Google has quietly cut employees across its Cloud division, including its Threat Intelligence Group and Mandiant-linked cybersecurity staff, even as Cloud revenue grew 63% to exceed $20
- The cuts came even as Oracle posted $3.7 billion in quarterly net income, up 27% year-over-year, with remaining performance obligations up 325% to $553 billion, savings redirected toward AI data
- Snap cut roughly 16% of its global workforce, about 1,000 full-time employees, and closed more than 300 open roles, with CEO Evan Spiegel citing AI advancements as a key driver
Summary
Microsoft said Monday that it has eliminated about 4,800 roles, or 2.1% of its global workforce, adding to the string of AI-related layoffs hitting the tech world. The cuts continue what feels to many in the tech industry like an epidemic: companies reporting record revenues while simultaneously culling their workforces, pointing to AI as both the engine of growth and the reason for the cuts. Oracle, June 22, 2026. GitLab, June 3, 2026. The company reported first-quarter revenue of $264 million, up 23% year-over-year, and expects to incur $30 to $35 million in restructuring costs.