"Layoffs are at an all-time high since 2009, and we're also experiencing the lowest hiring on record in the job market. But AI spending is also reaching all-time highs- especially among Big Tech companies, who are on an extravagant spending spree. As I recently reported, Alphabet, Meta, Microsoft, and Amazon are forecast to drop a staggering $650 billion on AI in 2026 alone."
"A recent report from online freelance marketplace Upwork found that the AI skill for which hiring is growing fastest is AI video generation and editing (a type of design and creative work). Demand for that skill is up over 329% year over year (YoY). That refers to the ability to use AI tools to cut down on time by generating and editing video content from text, images, or audio."
"Some of the other AI skills that are most in demand include the following (by category): Coding and web development: Artificial intelligence integration is up 178%. Data science and analytics: Data annotation and labeling is up 154%. Customer service and admin support: E-commerce management is up 130%. Design and creative work: AI image generation and editing is up 95%. Job skills are foundational, not replaceable"
Layoffs are at an all-time high since 2009 while hiring is at a record low in the job market. Big Tech companies are increasing AI spending dramatically, with Alphabet, Meta, Microsoft, and Amazon forecast to spend about $650 billion on AI in 2026. Companies are investing heavily in massive data centers and strategic AI infrastructure. Despite hiring slowdowns, firms are still recruiting workers with AI-related skills. The fastest-growing AI hiring area is AI video generation and editing, up over 329% year over year. Other rapidly growing skills include AI integration in coding (178%), data annotation (154%), e-commerce management (130%), and AI image generation (95%).
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]