By Nathan Richardson
In the spring of 2026, as the U.S. economy teeters on the brink of stagflation and recession, America’s tech giants are once again shifting the burden of the crisis onto the working class. Meta is axing 10% of its workforce (roughly 8,000 real people) with cuts beginning in May and more planned later this year.
Projections show deeper reductions could reach 20% by year’s end. Amazon is gutting over 30,000 corporate jobs, another 10% slice of its white-collar staff. These are not ‘streamlining’ measures. They are decisions driven by the structural logic of capitalist accumulation, presented as ‘AI efficiency.’”
