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Jun 7, 2026
Tech Layoffs Top 123K in 2026 as May Hits Worst Month in Two Years
US tech companies announced 38,242 job cuts in May 2026 — the industry's heaviest month of reductions in nearly two years. Year-to-date numbers have crossed 123,000, driven by AI adoption restructuring rather than post-pandemic correction. Meanwhile, companies like T-Mobile are opening offshore tech hubs while cutting domestic staff.
May 12, 2026
Telus’s BC AI data centre cluster is a sovereign-compute bet, not a finished build
Ottawa and Telus announced a three-site AI data centre cluster in British Columbia: Kamloops, Mount Pleasant, and downtown Vancouver. But the project is still at MOU stage, with no funding committed yet and no public pricing, GPU counts, or power capacity disclosed. For Canadian builders, the real question is whether this becomes usable domestic AI infrastructure — or just a polished policy signal that arrives after the market has already moved on.
May 8, 2026
Coinbase Restructures: Cuts 14% Workforce, Embraces AI-Driven Leadership
Coinbase is axing 14% of its workforce as it ditches 'pure managers' for AI-driven roles. Expect leaner, AI-backed 'player-coaches' managing larger teams. This shift could be risky, but also transformative for those adapting quickly.