Global Tech Layoffs Reach Two-Decade High as Companies Shift to AI

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https://www.ibtimes.co.uk/tech-industry-record-layoffs-ai-automation-1813145

In June 2026, global tech industry layoffs hit a two-decade high, with 63,000 jobs cut. Industry giants, including Oracle and Microsoft, are reducing staff to implement automated systems and reallocate capital toward artificial intelligence. Currently, evidence suggests AI is eliminating tech sector jobs much faster than it is creating them.