Tech Titans Slash 140K Jobs as AI Spending Soars

American tech companies have cut close to 140,000 jobs this year amid record artificial intelligence spending. Those reductions account for more than a third of this year’s announced layoffs in the U.S., the Financial Times (FT) reported Sunday (July 26), citing its analysis of corporate filings and data from executive outplacement company Challenger, Gray and Christmas . Nearly 50,000 of those cuts came from Amazon , Oracle , Meta and Microsoft , the equivalent of around 6% of their total corpo