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AI NewsWhy Big Tech’s AI-Driven Layoffs Have Failed to Deliver Value

Why Big Tech’s AI-Driven Layoffs Have Failed to Deliver Value

12:33 AM IST · May 27, 2026

Why Big Tech’s AI-Driven Layoffs Have Failed to Deliver Value

AI-driven layoffs may free up budget, but cutting jobs doesn't create returns. The companies winning the AI race aren't replacing people, they're investing in them.

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Google Expands Voluntary Buyout Programme to Five Countries Amid Heavy Spending on Artificial Intelligence

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Amid the numerous tech layoffs happening across the globe, comes news about Google that has reportedly extended its voluntary exit programme to more countries this year. While there are no confirmed details about how many employees have voluntarily signed up for it, it has now been reported that Google had expanded its voluntary buyout offers in June. The news comes shortly after software giant Microsoft offered voluntary exit buyouts to about 60,000 employees primarily in the US, UK, India and Canada. More recently, Canva trimmed down 22 percent of its workforce, which affects 1,271 employees across several countries.

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OpenAI has rolled out Images 2.6 for ChatGPT and its API, adding GIF creation to its image generation tools. Users can now animate photos or create GIFs from text prompts, change playback speeds and edit individual frames. The update also lets them save images of people, pets and characters to use as references later. Developers, meanwhile, get two new image generation models, along with SVG exports and more control over image edits.

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Why Big Tech’s AI-Driven Layoffs Have Failed to Deliver Value