Tech Layoffs Surge 51% as Amazon, Block Cut Thousands, With AI Cited in Over 12,000 U.S. Job Losses in 2026
Tech layoffs surge 51% in early 2026, with Amazon cutting 16,000 jobs and Block slashing its workforce nearly in half, as AI is officially blamed for over 12,000 U.S. job losses — though analysts warn companies may be using AI as cover for deeper financial struggles, prompting Congress to introduce …