4 Technical Logs Found
Snap laid off 16% of its global workforce — approximately 1,000 employees — on April 15, 2026, explicitly citing AI. CEO Evan Spiegel revealed AI now generates over 65% of Snap's new code. The cuts will save $500 million annually by H2 2026.
78,000 to 90,000 tech workers were laid off in Q1 2026, with analysts attributing 47.9% to AI-driven automation. Oracle cut 20,000–30,000. Atlassian cut 1,600. Here is the complete data, the honest AI displacement picture, and what workers and founders need to know.
Oracle laid off up to 30,000 employees on March 31, 2026 — roughly 18% of its global workforce — to fund a $156 billion AI infrastructure buildout. No prior warning. Termination emails at 6AM. System access cut immediately. Here is the full story.
Atlassian fired 10% of its workforce on March 11 and replaced its CTO with two AI-focused executives. CEO said AI was the reason. Five months earlier he promised to hire more engineers. The stock has lost 84% from peak. Here's the real story.
