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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
近
80,000
bā wàn
八万
people
rén
人
，
nearly half
jìn bàn
近半
tied to
yǔ
与
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
约
78,500
qī wàn bā qiān wǔ bǎi
七万八千五百
people
rén
人
，
of which
qízhōng
其中
approximately
yuē
约
48 percent
bǎifēnzhī sìshíbā
百分之四十八
(particle)
de
的
layoffs
cáiyuán
裁员
tied to
yǔ
与
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
了
approximately
yuē
约
78,500
qī wàn bā qiān wǔ bǎi
七万八千五百
(measure word)
gè
个
job positions
gōngzuò gǎngwèi
工作岗位
。
of which
qízhōng
其中
approximately
yuē
约
48 percent
bǎifēnzhī sìshíbā
百分之四十八
(particle)
de
的
layoffs
cáiyuán
裁员
tied to
yǔ
与
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
从
approximately
yuē
约
10,000
yīwàn
一万
people
rén
人
reduced
jiǎn
减
to
dào
到
fewer than
bùzú
不足
6,000
liùqiān
六千
people
rén
人
。
software company
ruǎnjiàn gōngsī
软件公司
Oracle (company)
Jiǎgǔwén
甲骨文
also
yě
也
quietly
qiāoqiāo
悄悄
cut
cáijiǎn
裁减
(completion particle)
le
了
more than
chāoguò
超过
10,000
yīwàn
一万
(measure word for people)
míng
名
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
yě
也
is
shì
是
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
的
job positions
gǎngwèi
岗位
account for
zhàn
占
global
quánqiú
全球
total number
zǒngshù
总数
(particle)
de
的
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.

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China
zhōngguó
中国
retail
língshòu
零售
sales
xiāoshòu
销售
May
wǔyuè
五月
first time
shǒucì
首次
decline
xiàhuá
下滑
。

China Retail Sales Fall for First Time in More Than Three Years

Salesforce (software company)
Salesforce
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to spend
huā
花
$3.6 billion
36 yì měiyuán
36亿美元
to buy / to acquire
mǎixià
买下
AI (artificial intelligence)
AI
AI
customer service
kèfú
客服
company
gōngsī
公司
Fin (AI customer service company)
Fin
Fin
。

Salesforce to Buy AI Customer Service Firm Fin for $3.6 Billion

Fox (media company)
Fúkèsī
福克斯
to announce
xuānbù
宣布
for / at
yǐ
以
$22 billion
220 yì měiyuán
220亿美元
to acquire
shōugòu
收购
streaming media
liú méitǐ
流媒体
platform
píngtái
平台
Roku (streaming platform)
Roku
Roku
。

Fox Corporation to Acquire Roku Streaming Platform for $22 Billion

China
zhōngguó
中国
launches
tuīchū
推出
energy-saving
jiéyīng
节能
retrofit
gǎizào
改造
three-year
sān nián
三年
action
xíngdòng
行动
。

China Launches Three-Year Energy Conservation Retrofit Initiative