New Delhi, April 19 -- Over 73,200 jobs were cut in the initial three months of 2026 Q1FY26 by 95 Information Technology (IT) companies, data compiled by Layoffs. fyi said.
The key names that announced layoffs in quick succession were The Walt Disney Company, Meta Platforms, Snap Inc., and Oracle Corporation.
Disney is preparing to cut around 1,000 jobs. The development comes as the first major restructuring since Josh D'Amaro took over as chief executive in March.
Disney's severance packages vary, based on role and tenure. Non-managerial employees with under five years of service will receive four weeks of pay, while those with longer tenures will get one week per year of service, capped at 52 weeks.
In March, Meta reduced around 700 r...