<div id="readability-page-1">Record AI-linked cuts: Tech firms announced 38,242 layoffs in May, with AI driving 40% of all job cuts, surpassing last year's full-year AI-related total. Hiring amid layoffs: Despite cuts, the sector added 6,700 jobs in May, focusing on AI, cloud infrastructure, and cybersecurity roles. Massive AI investment: Google, Amazon, Microsoft, and Meta plan $725 billion in AI capital spending this year, up 77% from 2025.</div>

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<p>In May, tech firms announced 38,242 layoffs, with AI driving 40% of cuts. Despite this, the sector added 6,700 jobs in AI, cloud, and cybersecurity. Major players like Google, Amazon, Microsoft, and Meta plan $725 billion in AI capital spending this year, a 77% increase from 2025.</p>

- In May, tech firms reported 38,242 layoffs, with 40% attributed to AI, exceeding last year's total.  
- Despite these cuts, the sector created 6,700 new jobs, emphasizing roles in AI, cloud infrastructure, and cybersecurity.  
- Major companies like Google, Amazon, Microsoft, and Meta are targeting $725 billion in AI investment this year, a 77% increase from 2025.

Tech leads job cuts while ramping up AI hiring