Business · 2h ago
Tech Layoffs Evolve: 'Cut and Pivot' Strategy Reshapes Workforce
A new layoff pattern called 'Cut and Pivot' is emerging in 2026, where companies fire workers in legacy roles while hiring for AI, quantum, and Web3 positions. Unlike past cost-cutting waves, this strategy aims to transform talent pools for future growth. One example saw a bank reduce a legacy team from 15 to 4 while creating a 6-person AI/ML team.
Meridian48 take
The 'Cut and Pivot' trend underscores a brutal reality: tech workers must continuously upskill or risk obsolescence as companies prioritize future capabilities over current headcount.
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