Tech layoffs this week: Cloudflare, Coinbase, Upwork, and others point to AI as they slash jobs

April was not a good month for the tech industry in terms of job losses. Last month, major firms—including Microsoft, Meta Platforms, and Snap—all announced significant workforce reductions.

But now, May is not shaping up to be any better.

This week alone, news emerged that several major tech companies, including Cloudflare, PayPal, and Coinbase, are set to cut thousands of positions.

And yes, you can blame AI for the job cuts—or at least the bosses are.

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