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Layoffs in Tech: AI's Impact Uncovered

AI-Driven Layoffs on the Rise

WEB LIVE: Track Layoffs in Real-Time

Prepare for sobering news: the tech industry witnessed a staggering 262,682 layoffs in 2023, with AI emerging as a significant contributor. This surge comes on the heels of 164,969 cuts in the previous year.

AI's Role in Workforce Displacement

Businesses are turning to AI to automate tasks, leading to job losses. A recent report revealed that over a third (37%) of business leaders leveraged AI to replace workers in 2023. As AI becomes more sophisticated, it's expected to have a profound impact on the employment landscape.

A Case Study: Microsoft's Ethics Team

Microsoft recently laid off its entire ethics and society team within its artificial intelligence organization. This move highlights the challenges companies face as they grapple with the ethical implications of AI and its impact on the workforce.