What's driving global tech layoffs as over 70,000 employees fired in first 4 months of 2026?

In four months of 2026, at least 95 tech companies, including Amazon, Oracle and Meta, have laid off over 73,000 employees. A major driver behind the latest cuts is restructuring linked to AI, as firms redirect spending towards automation, infrastructure and efficiency, reported Moneycontrol. Analysts note that many layoffs are pre-emptive cost-cutting measures rather than direct job replacement.