Amazon Confirms More Layoffs as Tech Sector Cuts Continue
- Amazon Layoff Update: Amazon confirmed layoffs in its Selling Partner Services division, following a previous reduction of approximately 30,000 positions announced last October and January, indicating a shift in budget priorities towards AI infrastructure despite the unspecified number of affected employees.
- LinkedIn Layoff Plans: LinkedIn plans to cut about 5% of its workforce, approximately 875 employees, affecting engineering, marketing, and global business teams, with the CEO stating that the cuts aim to enhance profitability and shift investments towards infrastructure, clarifying that AI is not the direct cause of job losses.
- Cisco Layoffs Amid Performance: Cisco announced nearly 4,000 layoffs, representing 5% of its workforce, while simultaneously reporting record quarterly revenue with a projected fourth-quarter outlook of $16.7 billion to $16.9 billion, exceeding Wall Street expectations, leading to a stock surge of over 13%.
- Tech Sector Layoff Trend: Layoffs in the tech sector have surpassed 103,000 in 2026, nearing the total of 124,000 for all of 2025, as companies pivot towards AI to enhance efficiency, although the long-term implications of these workforce reductions remain uncertain.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00511 | 0.0138 | 0.0198 | 0.0285 | 0.0345 | 0.0432 | 0.0492 |
| Fibonacci | 0.0138 | 0.0194 | 0.0229 | 0.0285 | 0.0341 | 0.0376 | 0.0432 |
About AI
About the author
