Bit Tech commits $725bn capex; simultaneously cuts headcount at scale
Meta, Amazon, Microsoft, and Alphabet have collectively signalled approximately $725 billion in capital expenditure for 2026 — up more than 75% year-over-year — almost entirely for data centres, custom chips, and AI infrastructure. Concurrently: Meta cutting 8,000 jobs in May, Amazon down ~30,000 roles, Microsoft offering voluntary buyouts to ~125,000 staff.

• The pivot from payroll to compute is structural, not cyclical.

• Source: Tech Startups, May 8