Big Tech Cut 950,000 Jobs... And Then Hired Them All Back
Long-form22:11EducationPublished Jul 23, 2026, 1:10 PM · 2mo ago
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Description
🚀 Streamline your entire business with Odoo — the all-in-one, easy-to-use ERP platform that centralises, automates, and scales your operations from sales and accounting to inventory and eCommerce. Check them out using my link 👉🏻 https://www.odoo.com/r/IW9
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*** Sources ***
https://finance.yahoo.com/technology/ai/articles/laying-off-8-000-employees-121545621.html
https://www.hrgrapevine.com/us/content/article/2025-02-10-meta-begins-streamlining-with-4000-jobs-to-go
https://www.cnbc.com/2025/10/22/meta-layoffs-ai.html
https://finance.yahoo.com/technology/articles/morale-bad-mark-zuckerbergs-meta-130000803.html
https://www.trueup.io/layoffs
https://www.cnbc.com/2026/03/31/oracle-layoffs-ai-spending.html
https://www.nytimes.com/2026/05/19/business/tech-layoffs-blind.html
https://www.visier.com/blog/employee-turnover-contagion/
https://assets.ctfassets.net/lbgy40h4xfb7/4bSlWfU8lg5cvr077P5GA5/1f0fc190a46cf3f9cb402c0481ccf56c/rep-TurnoverContagion.pdf
https://www.bloomberg.com/news/articles/2024-06-20/ford-recalls-delay-launch-of-new-bronco-and-explorer-models
https://www.bloomberg.com/news/articles/2026-06-25/ford-has-been-rehiring-quality-inspectors-after-ai-fell-short
https://www.businessinsider.com/google-layoffs-employees-discord-emotional-support-financial-advice-job-2023-2
https://hbr.org/2024/10/research-the-long-term-costs-of-layoffs
https://www.nature.com/articles/s41586-024-07500-2
https://www.yahoo.com/lifestyle/articles/people-sharing-brutal-ways-found-093102021.html
https://news.stanford.edu/stories/2022/12/explains-recent-tech-layoffs-worried
https://www.wheresyoured.at/techs-elite-hates-labor/
https://www.bamboohr.com/about-bamboohr/press-release/return-to-office-survey-2024
https://www.macrotrends.net/stocks/charts/META/meta-platforms/net-common-equity-issued-repurchased
https://www.macrotrends.net/stocks/charts/META/meta-platforms/stock-based-compensation
https://www.bloomberg.com/news/articles/2026-06-18/big-tech-s-ai-spending-spree-is-making-stock-buybacks-disappear
https://www.nytimes.com/2026/07/17/business/ai-spending-oracle-stocks-bonds.html
https://www.businessinsider.com/stock-market-orcl-ai-oracle-credit-downgrade-bond-market-warning-2026-7
https://hrexecutive.com/oracles-layoff-package-puts-severance-benchmarking-under-the-microscope/
https://www.nber.org/system/files/working_papers/w8630/w8630.pdf
https://thenextweb.com/news/coinbase-aws-outage-layoffs-worst-week
https://www.inc.com/pam-didner/companies-are-rehiring-workers-they-cut-for-ai-and-the-reason-is-a-wake-up-call-for-leaders/91367369
https://www.cnet.com/tech/services-and-software/coinbase-ai-world-cup-hallucination-fake-score/
https://finance.yahoo.com/markets/crypto/articles/coinbase-boss-fires-700-workers-185830229.html
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n May of this year Meta announced that it would be laying off around 8,000 employees or around 10% of its entire workforce, just two months before that it laid off a further 700 people, and two months before that it was another 1,500 people again.
In 2025, it laid off a further 4,000 people (including a large chunk from its AI division), and this was all on top of the record layoffs from its "year of efficiency" (which actually lasted three years) and cut an additional 26,000 jobs…
Now obviously this hasn't been great for morale, even after the Zuck mandated that people start having fun again,
BUT, if you do the math… that's collectively around 40,000 people that have been laid off over the last four and a half years… all from a company that only had around 75 thousand employees to begin with.
Now obviously big tech in particular has been changing rapidly; companies are investing hundreds of billions of dollars into AI development which means they just have less free cashflow to pay their staff AND a greater incentive to justify that very same investment by doing (supposedly) AI enabled layoffs.
But if this really is happening so broadly, how many jobs do these companies really have left to cut?
Well the good news (or the inconvenient truth) is… uhh… basically just as many as they started with.
Soo… what was all of this for?
Tags
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Details
- Published
- Jul 23, 2026, 1:10 PM
- Length
- 22:11 (1,331 s)
- Format
- Long-form
- Category
- Education
- Audio language
- EN
- Quality
- HD
- Captions
- Yes
- Made for kids
- No
- Licensed content
- Yes
- Video ID
- swtfbef3HhM
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