Microsoft is cutting approximately 4,800 jobs, about 2.1% of its global workforce, primarily impacting sales and Xbox teams. Affected US employees will receive severance packages including up to 39 weeks of pay, continued stock vesting, and paid health insurance.
Oracle has confirmed significant global layoffs, eliminating thousands of roles as part of a major restructuring. The company cited AI adoption, management changes, and acquisitions as drivers, with severance packages reportedly thinner than competitors'.
Meta has eliminated over 2,700 jobs in California as part of a global workforce reduction aimed at prioritizing AI development. Software engineers focused on AI products were most affected, with layoffs occurring across multiple Silicon Valley locations.
Meta employees are experiencing low morale due to impending layoffs, mandatory tracking software, shrinking pay, and forced transfers, creating a "miserable moment" for many.
Cybersecurity giant Cloudflare is laying off over 1,100 employees globally, citing a major reorganization for the 'agentic AI era'. The company's internal AI usage has surged dramatically, prompting a rethink of its structure to enhance customer value and speed. Departing staff receive industry-leading severance packages, including pay through 2026 and extended healthcare.
Meta announced plans to lay off approximately 10% of its global workforce, around 8,000 employees, on May 20. The company had almost 79,000 employees at the start of 2026. Chief People Officer Janelle Gale confirmed the layoffs in a memo, citing the need to run the company more efficiently and offset investments in AI. Severance includes 16 weeks base pay plus two weeks per year of employment, plus 18 months of COBRA coverage for US employees.
