Nearing End of Tech Layoffs, Or Is This the Beginning?

Meta recently announced that around 8,000 people will be let go, representing 10 percent of its workforce. Earlier in the year, Amazon announced approximately 16,000 will be affected by workforce reorganization. Tech companies are citing higher investments in artificial intelligence infrastructure as the reason why such corporate reorganizations — that is, mass layoffs — are necessary to remain competitive — which is to say, to make more money for shareholders.   Read Full Article »