{"id":219377,"date":"2026-05-24T10:14:00","date_gmt":"2026-05-24T14:14:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/24\/it-giants-massively-lay-off-employees-to-pay-for-artificial-intelligence\/"},"modified":"2026-05-24T13:30:24","modified_gmt":"2026-05-24T17:30:24","slug":"it-giants-massively-lay-off-employees-to-pay-for-artificial-intelligence","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/24\/it-giants-massively-lay-off-employees-to-pay-for-artificial-intelligence\/","title":{"rendered":"IT giants massively lay off employees to pay for artificial intelligence"},"content":{"rendered":"<p><a href=\"https:\/\/nashaniva.com\/en\/395979\">IT giants massively lay off employees to pay for artificial intelligence<\/a><\/p>\n<p><a href=\"https:\/\/nashaniva.com\/en\/395979\">https:\/\/nashaniva.com\/en\/395979<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-24 10:14:00<\/a><\/p>\n<p>Source Domain: <a href=\"nashaniva.com\">nashaniva.com<\/a><\/p>\n<p>Here are the key points summarized from the article on the issue of mass layoffs in the technology sector, particularly in relation to investments in artificial intelligence:<\/p>\n<ul>\n<li>\n<p><strong>Massive Layoffs Worldwide<\/strong>: Global IT giants have laid off over 100 thousand employees in the first months of 2026, driven by a race to optimize costs and invest heavily in artificial intelligence.<\/p>\n<\/li>\n<li>\n<p><strong>Lead by Meta<\/strong>: Meta, as part of its transformation into an AI-first company, plans to cut about 8 thousand jobs to manage rising AI costs projected to exceed $100 billion for the year. About 7 thousand roles will be reoriented to AI-related tasks.<\/p>\n<\/li>\n<li>\n<p><strong>Cisco\u2019s Move<\/strong>: Cisco has announced the layoff of around 4 thousand employees, citing the need to invest in AI infrastructure to stay competitive.<\/p>\n<\/li>\n<li>\n<p><strong>PayPal\u2019s Future Plans<\/strong>: PayPal plans to cut around 20% of its staff, which amounts to nearly 4800 people, over the next two to three years.<\/p>\n<\/li>\n<li>\n<p><strong>Intuit&#8217;s Reductions<\/strong>: Intuit cut 3 thousand jobs, amounting to 17% of its workforce, which they attributed to general optimization rather than directly to AI.<\/p>\n<\/li>\n<li>\n<p><strong>Broader Layoff Drivers<\/strong>: While AI investment is a major factor, other reasons like over-hiring in previous years and business model restructuring contribute to these layoffs.<\/p>\n<\/li>\n<li>\n<p><strong>Gaming Industry Impact<\/strong>: The video game sector is also feeling the effect, with Quantic Dream letting go of 95 employees and Bungie announcing significant cuts, halting development on the third part of its popular game, Destiny 2.<\/p>\n<\/li>\n<li>\n<p><strong>Prognosis for Future<\/strong>: Analysts predict that by the end of 2026, as many as 370 thousand people could be laid off in the tech sector, highlighting deeper societal questions about the impact of AI-driven automation.<\/p>\n<\/li>\n<\/ul>\n<p>These summaries underscore the extensive scale and implications of current layoffs in the tech industry, particularly in light of aggressive AI investments.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT giants massively lay off employees to pay for artificial intelligence https:\/\/nashaniva.com\/en\/395979 Publish Date: 2026-05-24&#8230;<\/p>\n","protected":false},"author":1,"featured_media":219378,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nashaniva.com\/photos\/generated\/fb395979.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-219377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/219377"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=219377"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/219377\/revisions"}],"predecessor-version":[{"id":219379,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/219377\/revisions\/219379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/219378"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=219377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=219377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=219377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}