Big Tech’s earnings are on deck. There’s more for investors to watch than AI spending.

As Microsoft, Alphabet and Amazon prepare to report quarterly results, workforce cuts are raising questions about how AI will reshape jobs at the top-tier tech companies Microsoft and CEO Satya Nadella, shown speaking last week at a Microsoft event near Paris, on Monday offered voluntary buyouts to about a quarter of the company’s global workforce. 👀 Here’s what I’m watching this morning: Stocks bounced back Monday after a rough stretch for tech shares. Whether that momentum carries into Tuesday is less clear, with the Federal Reserve’s interest-rate decision coming Wednesday and a round of earnings reports due. But there’s another matter that I’ve been thinking about: What will the American workforce look like as companies pour billions into AI?

Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 My abusive ex-husband promised $20,000 for our kids’ education. Big Tech’s earnings are on deck.

There’s more for investors to watch than AI spending. A leading Silicon Valley cheerleader just showed all the reasons to be worried about the AI bubble SoFi’s stock climbs as lending surge drives an earnings beat and rosy outlook Mark DeCambre is MarketWatch's editor in chief. Follow him on Twitter @mdecambre.

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