this post was submitted on 06 Jun 2026
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US tech industry cut 123,653 jobs since January 2026, up 66% from last year during the same period — AI now the most cited reason for cuts by US employers: report (www.forbes.com)
submitted 1 week ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] scrubbles@poptalk.scrubbles.tech 3 points 1 week ago

Its becoming a cycle. Exec gets hype minded and tells their employees to fuck off. Gets big payout, and stock go up. Takes about a year for shit to really fall apart, with the realization that maybe AI can't do everything. Sheepishly they start hiring again, but that knowledge is lost. Real recovery will be years.