Business · 2h ago
150K Tech Workers Laid Off in 2026 as Profitable Firms Blame AI
Through mid-2026, 363 layoff events have cut 150,000 tech jobs, with AI cited as the primary driver. Companies like Cloudflare, Block, and Oracle posted record profits while slashing workforces—Cloudflare cut 20% of staff amid 34% revenue growth. CEOs openly attribute layoffs to AI replacing human roles, marking a shift from previous downturn excuses.
Meridian48 take
The narrative that AI is a neutral efficiency tool obscures a deliberate choice by profitable firms to prioritize shareholder returns over workforce stability.
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150,000 Tech Workers Laid Off in 2026 While Companies Post Record Profits: The AI Excuse →
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