Despite reports of AI-driven tech layoffs, new data from SignalFire suggests engineering roles are resilient. Engineers comprised a larger share of new hires in 2025 compared to 2019, challenging the notion that AI is replacing these jobs and instead increasing demand due to enhanced productivity.
Oracle has confirmed significant global layoffs, eliminating thousands of roles as part of a major restructuring. The company cited AI adoption, management changes, and acquisitions as drivers, with severance packages reportedly thinner than competitors'.
Elon Musk's one-day wealth gain of $164.8 billion surpassed Warren Buffett's net worth. China's economy shows a two-speed recovery with industrial output rising but consumer spending falling. India sees a surge in tech professionals seeking jobs, while blue-collar roles and civil engineering gain traction. China leads India in university rankings, and India's state subsidies have tripled.
Over 92,000 tech jobs vanished in 2026, pushing the total since 2020 to nearly 900,000. Giants like Meta and Microsoft are cutting thousands, signaling a structural shift driven by AI efficiencies and pandemic over-hiring. Despite massive layoffs, tech titans are investing billions in AI, while startups achieve rapid growth with leaner teams, redefining business expansion in the AI era.
Over 92,000 tech jobs vanished in 2026, pushing the total since 2020 to nearly 900,000. Giants like Meta and Microsoft are cutting thousands, signaling a structural shift driven by AI efficiencies and pandemic over-hiring. Despite massive layoffs, tech titans are investing billions in AI, while startups achieve rapid growth with leaner teams, redefining business expansion in the AI era.
Starbucks announces job cuts in its technology division as part of broader restructuring under CEO Brian Niccol. Some Seattle tech roles will relocate to Nashville office, expected to accommodate up to 2,000 employees. The company previously reduced workforce by nearly 1,000 in Seattle and Kent, and about 1,100 corporate positions. Further layoffs expected in coming weeks.
Meta has terminated its contract with Nairobi-based outsourcing company Sama, resulting in over 1,000 Kenyan workers being abruptly laid off. The workers, primarily involved in content moderation and AI training, were given just six days' notice. This follows last month's revelations that some workers were asked to view private content filmed using Meta's Ray-Ban smart glasses. Activists have condemned the layoffs as exposing the precarious nature of tech jobs in the global south.
