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Tech Sector Layoffs Keep Mounting As Cuts in Other Sectors Fall

Tech sector job cuts and layoff announcements continue to mount in the US, even as overall private-sector layoff plans recede. Bloomberg’s Julia Fanzeres discusses what is driving the move in tech and how that’s translating to the wider economy. She joins Caroline Hyde on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Tech sector job cuts and layoff announcements continue to mount in the US, even as overall private-sector layoff plans recede. Bloomberg’s Julia Fanzeres discusses what is driving the move in tech and how that’s translating to the wider economy. She joins Caroline Hyde on “Bloomberg Tech.”
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3 Comments

3 Comments

  1. @vrclckd-zz3pv

    May 7, 2026 at 2:51 pm

    They’re going to regret this in the long term. Amazon had to hire back a bunch of engineers because the Indian vibe coders they used to replace them weren’t able to handle Sev 2 incidents in a timely manner.

    • @kumaryashasvi5391

      May 7, 2026 at 3:52 pm

      Amazon doesn’t hire vibe coders from India; they have coding tests and interviews. Besides, the tech industry is laying off people in every country.

    • @vrclckd-zz3pv

      May 7, 2026 at 4:11 pm

      ​@kumaryashasvi5391 yes they do. I worked there until I was laid off in January. On the day that we left they added 19 people from Hyderabad to our slack channel.

      I found out from one of our partners that they were heavily using Kiro to do everything and system upstime fell off a cliff.

      Now my skip manager is reaching out to everyone who he let go trying to get them to return.

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Bloomberg Technology

Google Rolls Out New AI Chips to Challenge Nvidia

Alphabet Inc.’s Google is rolling out new artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia Corp. Mandeep Singh of Bloomberg Intelligence has more. ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the latest full episodes of “Bloomberg Tech” with Ed Ludlow here:   Get…

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Alphabet Inc.’s Google is rolling out new artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia Corp. Mandeep Singh of Bloomberg Intelligence has more.
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Menlo: Agents Now Drive 80% of Enterprise AI Usage

Enterprise AI spending has surged to $177 billion, up from $33 billion in 2025, according to Menlo Ventures’ latest State of Enterprise AI report. Partner Deedy Das says AI agents now account for 80% of usage, as businesses move beyond chatbots toward systems capable of completing complex tasks autonomously. He also discusses the dominance of…

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Enterprise AI spending has surged to $177 billion, up from $33 billion in 2025, according to Menlo Ventures’ latest State of Enterprise AI report. Partner Deedy Das says AI agents now account for 80% of usage, as businesses move beyond chatbots toward systems capable of completing complex tasks autonomously. He also discusses the dominance of Anthropic and OpenAI in enterprise API spending. He joins Carol Massar on “Bloomberg Tech.”
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Bloomberg Technology

Nvidia Investor: Governance Now Part of the Valuation

Wealth Enhancement CIO Doug Huber says the fundamental investment case for Nvidia hasn’t changed, but the investigation surrounding CEO Jensen Huang is putting leadership, succession and corporate governance more firmly into the valuation debate. He joins Carol Massar on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the latest…

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Wealth Enhancement CIO Doug Huber says the fundamental investment case for Nvidia hasn’t changed, but the investigation surrounding CEO Jensen Huang is putting leadership, succession and corporate governance more firmly into the valuation debate. He joins Carol Massar on “Bloomberg Tech.”
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