AI is Hollowing Out Tech Sector Jobs: Oracle and Microsoft Help Push Layoff Rate to 20-Year High

Source: 24/7 Wall St.· Rich Duprey· August 8, 2026

Tech giants are pouring hundreds of billions into AI while quietly gutting the workforces that built them, and the labor data reveals a layoff rate that dwar...

This story was reported by 24/7 Wall St.. Read the full original article:

Read on 24/7 Wall St.

More in Products & Launches

View all

skchat-sovereign 0.14.218

AI-native encrypted P2P chat — sovereign communication for humans and AI

Pypi.org · Aug 8, 2026

okto-pulse 0.3.1

Okto Pulse — spec-driven project management with AI agents via MCP. Local-first, single command setup.

Pypi.org · Aug 8, 2026

modelmri 0.5.1

Chrome DevTools for AI models and agents — see attention, features, and agent steps inside any local model.

Pypi.org · Aug 8, 2026

AI Data Centers Are Causing Unfathomable Amounts of Air Pollution, and It Gets Worse With Each New One They Build

The tech industry is showing no signs of slowing down. The post AI Data Centers Are Causing Unfathomable Amounts of Air Pollution, and It Gets Worse With Each New One They Build appeared first on Futurism.

Futurism · Aug 8, 2026