Business | LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers by Queenie Wong

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Job cuts are sweeping the tech sector as companies double down on artificial‑intelligence investments. Cisco announced it will lay off fewer than 4,000 employees—under 5% of its workforce—despite reporting $15.8 billion in revenue and a $3.4 billion net profit for the quarter, with CEO Chuck Robbins saying the company must refocus spending on high‑value AI opportunities. At the same time, LinkedIn is trimming about 5% of its staff (roughly 875 jobs) across global business, marketing and engineering units, while Amazon has eliminated a small number of roles in its Selling Partner Services team after a broader plan that already cut 16,000 jobs earlier in the year. The layoffs echo similar reductions at Meta, Block, Oracle, Cloudflare and Coinbase, as firms argue that AI can boost productivity and help offset the massive costs of building AI infrastructure, prompting a wave of restructuring and cost‑saving measures across the industry.

Read more: https://www.latimes.com/business/story/2026-05-14/linkedin-cisco-amazon-are-latest-tech-companies-laying-off-more-workers

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