How are AI investments leading to mass layoffs in tech?
The technology sector continues to experience significant workforce reductions, with Layoffs.fyi reporting over 165,000 layoffs in 2022 and 264,000 in 2023. So far in 2024, more than 132,900 employees from 410 tech companies have been let go, as tracked by the same site. According to an additional analysis by IT jobs portal Trueup.io and estimates…