[key points]

Key points

• •Profitable tech companies are cutting jobs massively despite record revenues, due to AI adoption and automation-driven restructuring.
• •The U.S. job market shows a 'low-hire, low-fire' equilibrium, with hiring slowing but layoffs not materially increasing.
• •Hiring strategies are evolving with longer cycles, increased use of flexible talent, and rising demand for AI and machine learning specialists.