Tech Industry Faces Massive Layoffs Amid AI Adoption and Economic Uncertainty
TL;DR Summary
Despite soaring corporate profits and stock market highs, the U.S. is experiencing a 'jobless boom' with nearly 1 million layoffs this year, driven by AI adoption boosting productivity and reducing demand for workers, even as the economy remains relatively stable.
- Corporate profits are soaring even as layoffs mount. Economists call it a "jobless boom." CBS News
- Are any jobs safe from AI? KSLTV.com
- Over 1,00,000 job cuts rattle tech industry in 2025: Amazon, Meta, Google, Intel lay off thousands of empl The Economic Times
- "Layoff boomerangs" suggest replacing workers with AI isn't sticking Axios
- AI-washing and the massive layoffs hitting the economy CNBC
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