Gitcoin (@gitcoin): Meta cut 8,000 jobs today.
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Meta cut 8,000 jobs today. More than 140,000 tech workers laid off this year. And it's only May. Meanwhile: Google, Amazon, Microsoft, and Meta are projected to spend $725B on AI infrastructure this year. The money isn’t gone. It moved. From payroll to compute. From people to GPUs. So where does the talent go? Not the executives with runway. The engineers, designers, and researchers being replaced by the very systems they brought to life. They still have skills. They still want to build. What they don’t have is a pathway beyond the machine that discarded them. That’s a gap we think matters. 💚