Technology Magazine May 2026 | Page 94

THE
SPECI AL REPORT

THE

AI

OVERHAUL

WHY TECH LEADERS ARE CUTTING STAFF TO INVEST

Gartner forecasts US $ 2.5tn in AI spending by 2026 as Oracle, Amazon and Anthropic lay off thousands of corporate roles to fund infrastructure and agents
WRITTEN BY: ALICE CHAMBERS
94
May 2026