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.
I really doubt this. It’s more like, they hired too much in the past without actual needs, and need to shed some weight to make investors believe LLMs actually deliver and that they deserve continued investment.
They never needed the people they hired in the first place, they just hired them just to steal them from competitors.
I know this was true at some point for the big ones, not so sure about smaller organizations.
I’m sure there’s other FAANG or MANGA people here but I have friends that joined Google during the blitz hiring around COVID. When they started talking about letting people go he said other Googlers said it would happen at other companies but not at Google. He said, that may be true but the numbers don’t work. Anyways, Google joined the other companies in letting devs go and morale dropped hard.