The HRTech Wire
AI-Driven Tech Layoffs Could Trigger a 1.6 Million Job Recession
CNET reports that tech layoffs and buyouts in 2026 have passed 200,000 jobs according to the TrueUp tracker, with Microsoft (60,000), Oracle (21,000) and Amazon (17,000) among the larger cuts. The article links the cuts to AI spending, and warns that job losses spreading to retail and finance could add 1.6 million layoffs. Canva reportedly cut 22% of staff (1,271 employees) with severance of six months' salary, a year of healthcare and a $10,000 grant.
Read the original at CNETVerified vendor profiles for the companies named above.
Oracle Corporation (Oracle) is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help its customers manage its businesses. Oracle is org
TrackerRMS is a recruitment software provider offering an integrated ATS and CRM platform for staffing and recruiting firms.
Online visual communication and design platform that lets individuals and teams create, collaborate on and publish graphics, documents and presentations.
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