Tech Layoffs Surge in 2024 Despite Economic Boom: AI and Restructuring to Blame Despite a robust U.S. economy and significant gains in sectors like artificial intelligence , the tech industry is witnessing an unprecedented wave of layoffs in 2024, affecting thousands of workers and raising concerns about the future of employment in the sector. The paradox of increasing job cuts amidst economic growth is attributed to several factors, including the rapid advancement of AI, restructuring within companies, and a changing landscape of investor expectations. Root Causes of the Tech Sector’s Turmoil
At the heart of the recent layoffs is […]
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