The AI Layoff Wave Is Becoming a Powder Keg
Tech companies are posting record profits while laying off nearly 150,000 workers in 2026, citing AI as the cause, even as a small cohort of AI insiders accumulates unprecedented wealth.
Tech companies are posting record profits while laying off nearly 150,000 workers in 2026, citing AI as the cause, even as a small cohort of AI insiders accumulates unprecedented wealth.
Coinbase plans to cut about 14% of its workforce, with management citing AI-driven operational changes among the reasons.