""Companies are shifting budgets toward AI investments at the expense of jobs. The actual replacing of roles can be seen in Technology companies, where AI can replace coding functions.""
""My personal view on this, is that it's not a good time to be in tech. It just isn't.""
""The extent to which AI is to blame for the layoffs is contested, especially by AI model makers, such as OpenAI, whose advances in generative AI have fueled the current situation.""
In 2026, US tech companies announced 52,050 job cuts, with March alone seeing 18,720 layoffs, a 40% increase from the previous year. AI investments are shifting budgets away from jobs, leading to significant layoffs, particularly in technology roles where AI can replace coding functions. AI accounted for 25% of job cuts in March. Overall, US employers announced 60,620 job cuts in March, a decrease of 78% from the previous year. More layoffs are expected in the tech sector as companies continue to adapt to AI advancements.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]