Meta Is Cutting 20% of Its Workforce to Fund AI That Can't Compete
Meta plans to cut 16,000 employees while spending $135 billion on AI infrastructure that hasn't produced competitive models. The humans aren't being replaced by AI. They're being sacrificed to fund AI that hasn't arrived yet.
Block Cut 40% of Its Workforce and Called It AI Strategy
Block is cutting nearly half its workforce and calling it AI transformation. 45,000 tech workers laid off in March alone. Is AI the strategy, or the most socially acceptable excuse for mass layoffs since 'restructuring'?
The AI budget is you
Oracle is cutting 20,000-30,000 jobs to fund $8-10B in AI infrastructure. Atlassian cut 1,600 for the same reason. The money for AI investment is coming directly from human headcount, and companies have stopped pretending otherwise.
45,000 Layoffs and $131 Billion in Funding. Same Industry. Same Month.
March 2026 saw 45,000 tech layoffs and $131.5 billion in AI startup funding. Those numbers describe the same industry at the same moment. One side packs boxes while the other pops champagne.