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Tech industry layoffs and AI investments
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Tech industry layoffs and AI investments
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The tech industry is experiencing a wave of job cuts while also investing heavily in artificial intelligence (AI) technology. While not all layoffs are directly linked to AI, companies are reallocating resources and citing AI as a reason for rethinking headcounts. More than 5,500 tech employees have lost their jobs in the first two weeks of 2024. The recent cuts come after a challenging period for the industry, with hundreds of thousands of jobs lost due to the pandemic. As AI continues to reshape the business landscape, concerns are raised about its impact on the labor market and disparities in its effects on certain workers.
More than 7,500 tech jobs have already been eliminated in the first two weeks of 2024. The biggest layoffs announcement came from videogame software provider Unity Software, which said it would cut
Many Layoffs Already Announced In 2024, Why? AI That s Why (SPX)
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