New Delhi, April 22 -- Tech companies keep announcing job cuts, and experts don't expect that to stop anytime soon.

Reuters reported on Saturday that Meta Platforms is planning to conduct an initial wave of layoffs on May 20, with more coming later this year. The report, citing sources familiar with the matter, said that Meta plans to lay off about 10% of its global workforce, or close to 8,000 employees, in that initial round. Meta didn't respond to a Barron's request for comment.

A sweeping round of layoffs at Meta would add to a growing number of job cuts in the tech space this year. According to Layoffs.fyi, a website that tracks tech layoffs, 81,272 tech employees have been laid off so far in 2026. That's more than half of the 124,...