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Tech Layoffs Surge Amid AI Bets

Tech Layoffs Surge Amid AI Bets

US tech giants like Microsoft, Amazon, and Meta are slashing jobs while pouring money into AI. Layoffs total over 165,000 in the past year per Layoffs.fyi, with recent cuts at Oracle, Pinterest, and Atlassian. Experts call it an uncertain experiment reshaping work.

The Guardian TechnologyMediaApr 6#layoffs#ai-strategy#job-market
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AI Crushes Middle-Class Job Pricing

AI drastically reduces costs for routine brainwork like coding, widening the gap between top experts and average workers to 10000x. Tech firms shift to AI-full workflows, laying off mid-level coders; traditional sectors resist due to info barriers. Interviews reveal adaptation strategies amid job market shifts.

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