This year alone, from January to July, more than 100,000 workers at more than 360 tech companies around the world were laid off. And the trend is that layoffs continue.
As Nvidia’s president said at a recent AI conference, “For the last 10 to 15 years, everyone has said it’s vital for their kids to learn computer science, to be able to code. Now it’s the opposite.” “Our job is to create a computing technology that no one has to program, and the programming language is human. Now everyone is a programmer. This is the miracle of AI,” added Jensen Huang, leaving a very clear message: jobs are being eliminated because many companies are finding it more cost-effective to automate with AI.
But it remains surprising that it is the most profitable companies that are laying off workers. In April, Amazon announced it would cut hundreds of jobs in global sales, marketing, and services across its Amazon Web Services (AWS) system, while Google plans to cut costs and invest more in artificial intelligence, which will include major layoffs that will mostly affect teams in the financial services and real estate sectors. IBM wants to automate 8,000 jobs, and Cisco about 4,000. But at Meta, about 20,000 jobs are at risk.
Remember that more than 240,000 workers were laid off last year, with tech giants blaming economic uncertainty and the rise of artificial intelligence, which is now consuming much of their investment.
Author: Sonia Diaz
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.