The AI layoff wave is becoming a powder keg
TechCrunch · 6 min read · studios
Tech companies laid off 150,000 people in the first half of 2026, with AI cited as the official reason. However, industry observers question whether AI is the real culprit, with examples like Block's Jack Dorsey later admitting the company had over-hired during the pandemic rather than facing AI-driven obsolescence.
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