Tech layoffs 2026: Over 92,000 tech jobs vanished by May 2026, with April seeing the worst layoffs in two years. US tech giants like Meta, Microsoft, and Amazon are cutting staff, citing AI efficiencies and past over-hiring. Despite job cuts, major tech firms are investing heavily in AI, signaling a significant industry shift.
Nope. AI is not replacing jobs. That’s their excuse for cutting jobs to finance these data centers hoping this investment will payoff eventually and they’re in a position to capitalize on it. Throwing good money after bad, as the tech is just not ready for this, and does not appear to be getting any better
In fact, it seems to be getting worse along a number of axes.