"Rising AI Justification: Big Tech's Widening Layoffs in Shaky 2024"

1 min read
Source: The Mercury News
"Rising AI Justification: Big Tech's Widening Layoffs in Shaky 2024"
Photo: The Mercury News
TL;DR Summary

Tech layoffs in the Bay Area continue to increase, with companies like Bill.com, Juniper Networks, Spotify, and Amyris announcing plans to cut hundreds of jobs, adding to the industry's early 2024 woes. Bill.com is eliminating 156 jobs in North San Jose, with additional layoffs expected in March, while Juniper Networks is cutting 51 jobs in Sunnyvale, and Spotify USA is slashing 44 positions in San Francisco. Biotech firm Amyris is also cutting 89 jobs in Emeryville. All job cuts are described as permanent, and the companies have stated their intentions to provide support and assistance to affected employees.

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