2026 Layoffs Already Spraling Out of Control...

2025 was already an abysmal year for layoffs, and 2026 is looking to be not a whole lot better. Amazon just announced they're going to be cutting an additional 2,400 jobs in Washington state due to their investment in AI. I guess that promise that they made last year of getting rid of over 300,000 employees in the next couple of years is already underway right now. They say that the funding is being redirected away from salaried workers toward AI development, and the primary focus is expanding Amazon Web Services AI capabilities. So instead of giving the money to you, they are expanding their data centers, they are improving the machine learning models, they are forming partnerships with chip manufacturers and external AI software vendors, and they say that the goal is to remain competitive with Microsoft and Google. So the jobs that are being hit the hardest are administrative functions, operational support, and internal coordination roles. All these tasks are increasingly being replaced by AI right now. So this is turning into an all-out war on employees at Amazon where it's either adapt or be replaced. And it's not just Amazon, obviously there's a lot of other companies that are doing this right now. And even the local government in Washington state is starting to get worried about this because Washington state has provided huge tax incentives for companies like Amazon. And now they're worried about potential loss of tax revenue and a reduction in spending in local economies because of all these people losing jobs. Well, I guess it backfires when you only help big corporations and not people who actually live and work in the community. And I'm telling you guys, this is going to be rampant in 2026, just like it was in 2025. In fact, Microsoft was just hit with a rumor that they were going to be eliminating anywhere between 22,000 and 11,000 enrolls, but they're saying it's not true. And this is not actually happening. This was all supposed to happen this month in January, but they're denying it. But what's likely going to happen is they are going to eliminate those jobs. It just won't be in January. Maybe it'll be over the summer. How much you want to bet? We're going to see at some point later in this year that Microsoft is going to be announcing big layoffs because they were one of the largest offenders in 2025. And let's face it, all these companies are doing the same thing. They're getting rid of people, replacing them with robots. But for now, Microsoft is denying this and says that it's a 100% made up rumor. It is not true. This is not happening. So we'll see, huh? It might not be happening this month, but it's probably going to happen at some point. I mean, after all, in 2025, they cut more than 15,000 jobs just between May and September. In July, they laid off about 9,000 people. That's already like 25,000 people that they got rid of last year. So why is it so crazy to think they might do the same thing again this year? Some other big job loss announcements that came out this week is Citibank is getting rid of 1,000 people. Macy's is getting rid of 1,000 people as well due to two of its fulfillment centers closing down.