https://www.forbes.com/sites/martineparis/2025/07/09/sweeping-layoffs-hit-tech-and-media-giants-citing-ai-take-over/
Blue Origin, the Jeff Bezos space venture, is axing 1,000 jobs, nearly 10% of its workforce, to restructure for automation.
Bumble is laying off 30% of its team, about 240 people, to better compete with AI-powered dating apps like Hinge.
Business Insider is cutting 21% of its team as it goes all-in on AI to respond to the decline in Google search traffic.
Dropbox downsized by 20% at the end of last year in its transition to AI offerings.
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Google, whose AI summaries are accelerating the demise of search traffic, has offered early retirement to its Search, Ads and Commerce teams.
IBM slashed nearly 9,000 jobs, mostly in human resources as AI agents automate administrative tasks.
Intel plans to layoff up to 20% of its factory workers as it pivots to AI. The company had over 100,000 employees at the end of last year.
JPMorganChase is expecting a 10% reduction in operations staff as the company tells managers to do more with less, lean into AI, and focus on efficiencies.
Meta is cutting 4,000 jobs, about 5% of its workforce, while doubling down on AI, poaching talent from OpenAI and hiring former Github CEO Nat Friedman to co-head its new Super Intelligence Labs with Scale AI’s Alexandr Wang.
Microsoft eliminated 15,000 jobs this year, nearly 7% of its workforce, despite strong earnings, with CEO Satya Nadella citing 20% to 30% of its code now being written by AI tools. Company-wide sales, marketing, product and engineering teams, gaming divisions including Xbox, and management layers across the board are getting slashed.
Its not AI though. It is tech recession.