Corporate Profits

1 article

A futuristic AI cityscape juxtaposed with a desolate landscape, symbolizing tech layoffs amidst soaring profits and a pivot to artificial intelligence.

Tech Layoffs Continue as Profits Soar Amidst AI Pivot

By mid-May 2026, the tech industry had shed over 92,000 jobs, yet many of the companies making these cuts were simultaneously reporting healthy profits and record stock valuations.

Oliver Grant·May 15, 2026