The Real Reason Behind Tech Layoffs: AI, or a $700B Capital Expenditure Race?
Tech giants are slashing jobs and calling it “AI efficiency,” but Wall Street is punishing companies for something far bigger: a massive capital spending spree that is draining cash flows. With Big Tech on track to slam over $700 billion into AI capex, tech workforce reductions surging past 140,000 workers in 2026, and major tech … Read more