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mass layoffs announced in tech sector: Meta (10%), Intuit (17%), Linkedin 500 jobs, Cisco (5%), Amazon [View all]
https://www.nbcbayarea.com/news/local/silicon-valley-tech-layoffs-2/4087606/Thousands of Silicon Valley tech layoffs were announced Wednesday as more companies embrace artificial intelligence.
Meta slashed 8,000 jobs, Intuit cut 3,000 and LinkedIn revealed 500 planned layoffs.
"We're on the cusp of a fundamental restructuring," Joint Venture Silicon Valley CEO Russell Hancock said.
Hancock said bots are indeed taking tech jobs.
"Now they're saying explicitly we're laying people off and the reason is because we have less need of human capital," Hancock said. "AI is making us far more efficient."
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https://www.al.com/news/2026/05/some-of-americas-biggest-companies-are-cutting-jobs-by-the-1000s-in-latest-round-of-tech-layoffs.html
On Wednesday, April 13, Cisco Systems announced cutting roughly 4,000 jobs—less than 5% of its total workforce—alongside record revenue of $15.8 billion.
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