GAFAM (Google, Amazon, Facebook, Apple, Microsoft) Layoffs Are Due to Surging Debt, or About 120 Billion Dollars Borrowed in One Year Alone

posted by Roy Schestowitz on Jun 05, 2026

It's well above 150 billion dollars if one adds Oracle

After Amazon and Microsoft, Google Cuts More Jobs Amid AI Race/Sloppy excuses

There's some fake news this week. The above from 11 hours ago (by Priya Singh) perpetuates the most "conventional" false narrative.

They say "AI". Everything is "AI". Every program, every computer, every chip, every server... almost every company. It's also the cause of all the layoffs, apparently.

Don't be a fool, stop reading or getting news from sites that get their funding by slop peddlers or what JWZ calls "slopfondlers".

Only some hours ago my wife laughed out loud when she saw this in the front page of BillBC:

PURE SPAM. HEY HI SPAM. Could say 'simulation' or 'computation', they just call everything 'HEY HI' now. PONZI SCHEME in BillBC.

Every day we "feel" a little more stupid, having been exposed to totally dumb headlines that say "HEY HI LAYOFFS" and now some "HEY HI MEDICINE" or whatever. Last year I saw “AI Sunglasses” and “AI Eyeglasses”. I'm not kidding! █

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