Tech layoffs exceed 92,000 this year as AI investments rise
NewsBytes | May 2, 2026 7:39 PM CST
Tech firms cut thousands for AI
Meta is letting go of 8,000 employees this month as part of a massive $135 billion push into AI.
Snap has trimmed about 1,000 roles (16% of its staff) to save on costs, while Amazon has dropped 30,000 positions since late last year.
Even smaller companies aren't immune: GoPro cut nearly one-fourth of its team and Tailwind slashed most of its engineers, all because AI.
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