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Story summary
- U.S. firms are curbing AI spend after Uber exhausted its 2026 AI budget and imposed a $1,500-per-employee cap on Claude Code and Cursor.
- Meta Platforms announced a 10% cut, laying off about 8,000 staff and canceling hires for 6,000 roles.
- Layoffs.fyi reports over 118,000 tech layoffs in 2026 across nearly 100 firms, exceeding the roughly 120,000 total in 2025.
