{"slug": "us-tech-groups-cut-140000-jobs-despite-ai-spending-boom", "title": "US tech groups cut 140,000 jobs despite AI spending boom", "summary": "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.", "body_md": "# US tech groups cut 140,000 jobs despite AI spending boom\n\nSource:\n\n[Financial Times Technology](https://www.ft.com/technology)Investment spree is reshaping Silicon Valley while wider US jobs market holds steady\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.", "url": "https://wpnews.pro/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom", "canonical_source": "https://www.machinebrief.com/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom-cyt0", "published_at": "2026-07-24 20:00:04+00:00", "updated_at": "2026-07-24 21:33:37.019789+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy", "ai-infrastructure"], "entities": ["Financial Times", "Silicon Valley"], "alternates": {"html": "https://wpnews.pro/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom", "markdown": "https://wpnews.pro/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom.md", "text": "https://wpnews.pro/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom.txt", "jsonld": "https://wpnews.pro/news/us-tech-groups-cut-140000-jobs-despite-ai-spending-boom.jsonld"}}