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Big Tech is spending $700 billion on AI while cutting 168,000 jobs and calling it efficiency
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Big Tech is spending $700 billion on AI while cutting 168,000 jobs and calling it efficiency
Tech sector layoffs have surged 83% year-over-year in 2026, with more than 168,000 jobs cut while Amazon, Microsoft, Alphabet, and Meta commit $725 billion to AI infrastructure. AI has now been named the leading reason for US job cuts for a record fourth consecutive month, according to Challenger, Gray and Christmas.
Elroy Fernandes
4 min read
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