Tech layoffs hit 128,536 across 299 companies amid AI shift
Tech jobs are taking a big hit this year: 128,536 technology employees have been laid off across 299 companies, already topping last year's numbers.
The main reason? Companies are shifting their focus and budgets toward artificial intelligence (AI), leading to major changes in how teams are structured.
Oracle leads with 21,000 layoffs
Oracle leads the pack with 21,000 layoffs after investing heavily in AI.
Amazon has let go of 17,267 employees, including some from a Florida warehouse closure.
Dell and Meta have also made deep cuts: 11,000 and 8,000 jobs respectively.
Even Uber, PayPal, and Apple aren't immune; Apple's cuts include Siri, Vision Pro, and software, including AI-related software teams.
It's clear that the push for smarter tech is reshaping the industry, and who gets to be part of it.