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Amazon, LinkedIn and Cisco cut thousands of jobs as tech firms funnel spending into AI
May 15, 2026
< 1 min read
by Opeyemi Olanrewaju
for CryptoPolitan
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AI Overview
Amazon confirmed more layoffs this week in its Selling Partner Services division, joining LinkedIn and Cisco as tech firms cut jobs while redirecting budgets toward AI infrastructure. The wave of tech-sector cuts risks reducing talent and funding for crypto, DeFi and Web3 startups and could exert near-term downward pressure on adoption, protocol development and CEX operations.
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The unending wheel of layoffs in the tech space is still rolling as Amazon confirmed more layoffs this week, this time in its Selling Partner Services division. This adds to a wave of tech-sector job cuts that has also involved LinkedIn and Cisco this week, as companies redirect budgets toward AI infrastructure. The new set...
