AI layoff wave hits tech: 45,000 jobs gone in early 2026
TradingView
In early 2026, the tech industry has cut over 45,000 jobs globally as companies like Block and eBay restructure operations to replace routine tasks with artificial intelligence. This automation trend is disproportionately impacting entry-level roles and recent graduates, while creating a significant wage premium for workers who develop AI skills. Industry experts emphasize that successful navigation of this shift requires large-scale reskilling efforts from both corporations and governments to prepare the workforce for an evolving job market.
All articles from 20 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.