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US Tech Giants Spend $7 B Severance Cutting 70k-Plus Jobs

7/2/2026

42 10 Full Breakdown

Summary

Story summary

U.S. tech firms disclosed billions in severance spending as they cut jobs in 2025-2026.
Amazon reported $2.7 billion in severance through 2025, including $1.8 billion in Q3 last year.
Intel cut over 25,000 jobs in 2025 and disclosed $1.8 billion in severance, implying payouts above $70,000 per employee.
Oracle cut 21,000 jobs between May 2025 and May 2026, disclosed $1.8 billion in severance and saw expenses rise 391% to $1 billion.

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Story summary

U.S. tech firms disclosed billions in severance spending as they cut jobs in 2025-2026.
Amazon reported $2.7 billion in severance through 2025, including $1.8 billion in Q3 last year.
Intel cut over 25,000 jobs in 2025 and disclosed $1.8 billion in severance, implying payouts above $70,000 per employee.
Oracle cut 21,000 jobs between May 2025 and May 2026, disclosed $1.8 billion in severance and saw expenses rise 391% to $1 billion.