Tech Companies Slash Jobs to Fund Massive AI Data Center Investments

Tech companies aren't hiding it anymore. Meta is laying off 8,000 people and spending $100 billion on AI data centers. Cisco's CEO called cutting 4,000 jobs "optimistically low." Intuit fired 3,000 workers to restructure around AI, then told the press it's "not about AI." Over 100,000 tech jobs gone in 2026 so far. TrueUp projects 370,000 by year end. The interesting part isn't the layoffs themselves but hat companies are now openly framing human headcount as a line item they're converting into GPU clusters. That used to be the quiet part.