Layoffs are raging across the US tech sector amid the emergence of AI, with Mag 7 firms like Amazon and Meta Platforms downsizing their global workforces by tens of thousands of employees since 2025.
For instance, Meta Platforms is among US companies that reduced its global workforce by 8,000 jobs in May or about 10% of the company. Many of these jobs are directly related to AI, and some Meta employees reportedly claimed that working on 'soul-crushing jobs' at the company's new Applied AI division feels like 'it's literally the gulag.'
