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Big Tech Layoffs Explode To 80,000 As Experts Accuse CEOs Of Using AI As A Scapegoat

International Business Times UK — July 13, 2026 at 02:27 PM UTC

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Big Tech Layoffs Explode To 80,000 As Experts Accuse CEOs Of Using AI As A Scapegoat

Big Tech firms cut over 80,000 jobs in Q1 2026, with AI often cited as the cause. However, deeper issues like pandemic overhiring and rising borrowing costs may be the real drivers.