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656 The real story behind 45,000 tech layoffs: where the money actually goes

Silicon Canals
Nadia Chen @ Silicon Canals · 03/29/2026 13:07 EDT

The real story behind 45,000 tech layoffs: where the money actually goes

Over 45,000 tech workers have been laid off in early 2026 as companies from Meta to Dell cut headcount while pouring billions into AI infrastructure. The framing war over why reveals more than the layoffs themselves — and the money trail points to a transfer from labor costs to capital expenditure that benefits a very different set of people.

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