Q1 2026 Global Tech Industry Layoffs Nearly 80k People


Tesla, Meta, Block are all on the list, with about 50% of the job reductions attributed to AI.
Meanwhile, global GPU computing power leasing (GPUaaS) has surged by 20% against the trend, with corporate capital expenditures (CAPEX) on computing assets and labor costs showing a significant negative correlation.
Industry giants are offsetting the expensive "computing expansion" through "downsizing."
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