Since the beginning of 2023, global tech companies have laid off more than 350,000 workers, including giants like Google, Apple, and Amazon, partly to fund generative AI technologies.
Companies plan to spend $1 trillion on generative AI investments. Job cuts are a means to raise funds for AI, potentially leading to more layoffs in the future.
Tech firms are laying off workers to make way for massive AI investments, seen as essential for their long-term visions. Executives are making tough choices to prioritize AI spending.
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