AISilicon Canalsabout 5 hours ago
Tech layoffs surge 44% amid record profits and AI boom
4 min read
Tech layoffs are running 44% ahead of last year, with nearly 150,000 people cut so far, while companies post record profits and AI insiders accumulate wealth. Unlike 2008, there is no crash to blame. Executives cite AI efficiency to justify cuts, which markets reward with higher stock prices.
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