Artificial Intelligence [AI] causes a Long list of Layoffs in Big Tech companies

Notice anything lately? There have been a ton of layoffs among many major companies. From Google to Microsoft and eBay, it seems like everyone is trimming the fat at the beginning of 2024.

38% percent of business leaders surveyed by ResumeBuilder think layoffs are likely at their companies in 2024. Half of those surveyed cited concerns about a recession as a reason for the job cuts.

Another major reason: artificial intelligence. Around 40% of respondents said they’ll have to conduct layoffs as they replace workers with AI.

• Tech companies like Dropbox, Google, and IBM have already announced job cuts as part of a new focus on AI.

Last week, Microsoft, eBay, SAP, and Business Insider made cuts.

Here’s the list of major companies that have announced or implemented labor cuts so far in 2024:

• Google.
• Discord.
• Citi Bank.
• Amazon.
• Twitch.
• Nike.
• Intel.
• BlackRock.
• Rent the Runway.
• Unity Software.
• eBay.
• Salesforce.

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