Summary

With more than 200,000 job cuts in the tech industry in 2026, the bigger question is if layoffs will spread to retail and finance. When Meta began laying off 8,000 people in May, it felt like an omen. Meta, the parent company of Facebook, Instagram and WhatsApp, had seen several high-profile failures, from the death of the metaverse to its multibillion-dollar court setbacks .

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