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511 articles
Industry Jun 23, 2026

AI-Driven Layoffs Surge in 2026 as Tech Giants Cut 40,000+ Jobs While Reporting Record Revenue

More than 40,000 tech workers have been laid off in 2026 with AI cited as a primary reason. Companies like Oracle, Meta, and GitLab cut jobs even as revenue grows, raising questions about whether AI is a cover for pandemic-era overhiring.

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