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commerce
shāng yè
商业
·HSK 3

the year 2026
èr líng èr liù nián
二零二六年
the first quarter
dìyī jìdù
第一季度
technology
kējì
科技
job cuts
cáiyuán
裁员
nearly
jìn
80,000
bā wàn
八万
people
rén
nearly half
jìn bàn
近半
tied to
artificial intelligence
réngōng zhìnéng
人工智能
related to
yǒuguān
有关

this year
jīnnián
今年
the first quarter
dìyī jìdù
第一季度
global
quánqiú
全球
technology
kējì
科技
industry / sector
hángyè
行业
job cuts
cáiyuán
裁员
approximately
yuē
78,500
qī wàn bā qiān wǔ bǎi
七万八千五百
people
rén
of which
qízhōng
其中
approximately
yuē
48 percent
bǎifēnzhī sìshíbā
百分之四十八
(particle)
de
layoffs
cáiyuán
裁员
tied to
artificial intelligence
réngōng zhìnéng
人工智能
spread / adoption
tuīguǎng
推广
related to
yǒuguān
有关

April 9, 2026 at 2:00 PM

this year
jīnnián
今年
the first quarter
dìyī jìdù
第一季度
global
quánqiú
全球
technology
kējì
科技
industry / sector
hángyè
行业
to cut (jobs)
cáijiǎn
裁减
(completion particle)
le
approximately
yuē
78,500
qī wàn bā qiān wǔ bǎi
七万八千五百
(measure word)
job positions
gōngzuò gǎngwèi
工作岗位
of which
qízhōng
其中
approximately
yuē
48 percent
bǎifēnzhī sìshíbā
百分之四十八
(particle)
de
layoffs
cáiyuán
裁员
tied to
artificial intelligence
réngōng zhìnéng
人工智能
adoption / spread
tuīguǎng
推广
related to
yǒuguān
有关
fintech company
jīnróng kējì gōngsī
金融科技公司
Block (fintech company)
Block
Block
laid off workers
cáiyuán
裁员
the most
zuìduō
最多
employees
yuángōng
员工
from
cóng
approximately
yuē
10,000
yīwàn
一万
people
rén
reduced
jiǎn
to
dào
fewer than
bùzú
不足
6,000
liùqiān
六千
people
rén
software company
ruǎnjiàn gōngsī
软件公司
Oracle (company)
Jiǎgǔwén
甲骨文
also
quietly
qiāoqiāo
悄悄
cut
cáijiǎn
裁减
(completion particle)
le
more than
chāoguò
超过
10,000
yīwàn
一万
(measure word for people)
míng
employees
yuángōng
员工
analysts
fēnxī rénshì
分析人士
point out
zhǐchū
指出
artificial intelligence
réngōng zhìnéng
人工智能
is not
bìngfēi
并非
the only
wéiyī
唯一
reason / cause
yuányīn
原因
companies
qǐyè
企业
to cut / reduce
yāsuō
压缩
costs
chéngběn
成本
also
is
shì
important
zhòngyào
重要
factor
yīnsù
因素
the COVID-19 pandemic
xīnguān yìqíng
新冠疫情
during
qījiān
期间
excessive
guòdù
过度
hiring
zhāopìn
招聘
causing
shǐ
使
many
hěnduō
很多
companies
gōngsī
公司
need to
xūyào
需要
adjust
tiáozhěng
调整
employee
yuángōng
员工
scale / size
guīmó
规模
the United States
Měiguó
美国
within the country
jìngnèi
境内
affected
shòu yǐngxiǎng
受影响
(particle)
de
job positions
gǎngwèi
岗位
account for
zhàn
global
quánqiú
全球
total number
zǒngshù
总数
(particle)
de
76 percent
bǎifēnzhī qīshíliù
百分之七十六

New Words

qiye zhanlue
企业战略
corporate strategy
jianbing shougu
兼并收购
mergers and acquisitions
shuzihua zhuanxing
数字化转型
digital transformation
yun jisuan
云计算
cloud computing
ke chixu fazhan
可持续发展
sustainable development
tan zhonghe
碳中和
carbon neutral
zuzhi jiegou
组织结构
organizational structure
chengben youhua
成本优化
cost optimization
gudong huibao
股东回报
shareholder return
ziben peizhi
资本配置
capital allocation

News in English

Business

Tech Sector Cuts Nearly 80,000 Jobs in Q1 2026, Nearly Half Tied to AI Automation

In Q1 2026, the global tech sector cut roughly 78,500 jobs, with around 48 percent of layoffs attributed to AI adoption.

Major corporations announced strategic initiatives focused on long-term value creation and market position strengthening. Mergers and acquisitions activity remained robust with strategic purchases enhancing core capabilities.

Digital transformation initiatives accelerated across industries as companies invested in technology infrastructure and talent. Cloud migration projects progressed supporting operational efficiency and scalability improvements.

Sustainability commitments expanded with companies establishing carbon neutrality targets and environmental responsibility initiatives. Green investment programs attracted capital supporting transition to sustainable business models.

Organizational restructuring continued as companies optimized cost structures and operational models. Leadership transitions brought fresh perspectives to strategic direction and organizational culture.

Shareholder return programs including dividends and buybacks maintained robust levels reflecting confidence in business fundamentals. Capital allocation decisions reflected commitment to balancing growth investments with shareholder distributions.

More in Business

Amazon (company)
Yǎmǎxùn
亚马逊
to receive / to get
shōudào
收到
$600 million
6 yì měiyuán
6亿美元
tax refund / tariff refund
tuìshuì
退税
will (future marker)
jiāng
a portion / part
bùfèn
部分
to return / to refund
fǎnhuán
返还
to / for
gěi
customers
gùkè
顾客

Amazon Receives 600 Million Dollars in Tariff Refunds and Will Return Some to Customers

China
Zhōngguó
中国
in July / for July
qīyuèfèn
七月份
manufacturing sector
zhìzàoyè
制造业
PMI (Purchasing Managers Index)
PMI
PMI
to drop to / fall to
diè zhì
跌至
49.2 (contraction territory)
49.2
49.2
five months
wǔ gè yuè
五个月
within the past period / since
lái
for the first time
shǒucì
首次
to contract / to shrink
wěisuō
萎缩

China Manufacturing PMI Falls to 49.2 in July, First Contraction in Five Months

Bank of England
Yīnggélán yínháng
英格兰银行
by / with
six votes to three
liù bǐ sān piào
六比三票
to maintain / to keep
wéichí
维持
base interest rate / benchmark rate
jīzhǔn lìlǜ
基准利率
3.75 percent
3.75%
3.75%
unchanged / constant
búbiàn
不变

Bank of England Holds Rate at 3.75% as Monetary Policy Committee Votes 6-3

the United States
Měiguó
美国
second quarter / Q2
dì èr jìdù
第二季度
GDP (gross domestic product)
GDP
GDP
to grow / growth
zēngzhǎng
增长
1.5 percent
1.5%
1.5%
lower than / below
dīyú
低于
market
shìchǎng
市场
expectations / forecast
yùqī
预期

US Economy Grows 1.5% in Second Quarter, Below Market Expectations