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US tech giants have cut nearly 140k jobs within the year, and the four major companies’ AI capital expenditures reach as high as $725 billion

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Golden Finance News reported that on July 25, the Financial Times, together with Challenger, Gray and Christmas data statistics, said that since 2026, layoffs in the U.S. technology industry have accounted for more than one-third of the total number of layoffs already announced nationwide. Only four companies—Amazon, Oracle, Meta, and Microsoft—laid off nearly 50 thousand people, or about 6% of their total employees. In stark contrast, Amazon, Alphabet, Meta, and Microsoft are expected to invest as much as $725 billion this year in AI infrastructure such as data centers. After Oracle laid off employees in March, its full-year headcount decreased by 21 thousand; this month, the S&P downgraded its credit rating due to weak cash flow and uncertain AI returns. Microsoft this month eliminated 4,800 positions, mainly concentrated in the Xbox gaming division, effectively a comprehensive reset of its acquisition of Activision Blizzard for $75 billion three years ago.
AMZN-0.64%
ORCL-4.20%
META-1.78%
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