Billion-dollar companies that cut hundreds of jobs in 2026 and 'blamed' AI

Several tech companies, including Snap, Block, Atlassian, and Pinterest, have recently announced significant layoffs, citing advancements in artificial intelligence as a primary driver. While some executives claim AI is enabling greater efficiency and a new way of working, others suggest AI is being used as a pretext for cost-cutting measures.

By NEHA SAINI