The Guardian Australia · general
Tech companies cut over 165,000 jobs as investments in AI surge
2 hours ago
Tech companies have cut over 165,000 jobs in the past year amid heightened investments in artificial intelligence. Microsoft, Amazon, and Block led the cuts, with the latter eliminating 40% of its workforce. Experts warn that while AI promises efficiency, it could also lead to job losses and a fundamental shift in the labor market.
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Summary by Glance · Original reporting by The Guardian Australia
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