Tech layoffs 2026: Over 92,000 tech jobs vanished by May 2026, with April seeing the worst layoffs in two years. US tech giants like Meta, Microsoft, and Amazon are cutting staff, citing AI efficiencies and past over-hiring. Despite job cuts, major tech firms are investing heavily in AI, signaling a significant industry shift.
The stock market is going up despite all this. I think investors think that profits will continue to go up while jobs are being cut. Which means these corps must now do more with less people. And the market thinks thats going to lead to more profits still.
I guess they think the future will be much more automated and need people less. And they could be right.
stock market is a forecast of projected future profits.
if investors thing a companies choices will make profits go up next year, they buy. if they don’t, they sell.