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[ARTICLE · art-72661] src=machinebrief.com ↗ pub= topic=artificial-intelligence verified=true sentiment=↓ negative

US tech groups cut 140,000 jobs despite AI spending boom

US technology companies have cut more than 140,000 jobs in 2024 despite a surge in spending on artificial intelligence, according to data from the Financial Times. The layoffs, concentrated in sectors such as e-commerce, social media, and gaming, come as firms redirect resources toward AI development, reshaping Silicon Valley while the broader US labor market remains stable.

read1 min views1 publishedJul 24, 2026

Source:

Financial Times TechnologyInvestment spree is reshaping Silicon Valley while wider US jobs market holds steady

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source & further reading
machinebrief.com — original article 1 hyperscaler megacap down, 3 to go. Alphabet raises the stakes on AI spending Enterprise Storage Is Rebuilding Itself Around AI-Ready Data New Technology Center Seeks To Spur Auto Collaboration
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