2024-02-12
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2 minutes.


Artificial intelligence: does it threaten the future of robots? And why have 34,000 workers already been laid off by tech companies in 2024?

In 2024, technology companies have already laid off 34,000 workers due to the development of artificial intelligence.

Layoffs in the technology industry

Since the beginning of this year, due to the focus on the development of artificial intelligence, technology companies have laid off 34,000 workers. This is reported by the Financial Times. Among the companies that have cut jobs are well-known brands such as Microsoft, Snap, eBay and PayPal.

The number of laid off employees

According to Layoffs.fyi analytics, since the beginning of January, hundreds or even thousands of jobs have already been laid off at companies such as Microsoft, Snap , eBay and PayPal. In total, 138 technology companies laid off workers this year.

Artificial intelligence does it threaten the future of robots And why have 34 000 workers already been laid off by tech companies in 2024

Downsizing trend

Although this number is lower than in 2023, when 263 became redundant 000 jobs, some companies such as Amazon, Microsoft, Meta, Google and Spotify have also announced optimization this year.

Artificial intelligence does it threaten the future of robots And why have 34 000 workers already been laid off by tech companies in 2024

Reasons for layoffs

Analysts believe that the latest wave of layoffs indicates a redistribution of company resources for investing in new areas, in particular in generative artificial intelligence. In addition, the companies also demonstrated to shareholders that they continue to maintain spending discipline.

Last year, companies realized that the transition to a digital lifestyle would not last longer than the COVID-19 pandemic. Therefore, when life began to return to normal, the need for such a large staff disappeared. So they had to cut costs, including layoffs.

According to Daniel Kim, associate professor of management at Columbia Business School, this year's cuts are more strategic because they coincide with active hiring in new areas.

Glossary

  • Financial Times - publication that writes about socio-economic and financial news.
  • Microsoft is one of the leading technology companies specializing in the development of software and other technology products.
  • Snap is a company that develops the popular Snapchat messenger and other products in the field of social networks.
  • eBay is a famous online auction where you can buy and sell goods.
  • PayPal is a payment company that provides the ability to make payments and money transfers online.
  • Layoffs.fyi is a service that tracks staff turnover in the technology industry.
  • Amazon is a leading online shopping platform selling goods of various categories.
  • Meta is a company that develops various technologies and products, including social networks.
  • Google is a well-known search engine and a leading technology company that develops various tools and services.
  • Spotify is a popular streaming service that provides access to music and podcasts.
  • Grammarly is a platform for improving written English.

Link

Artificial intelligence does it threaten the future of robots And why have 34 000 workers already been laid off by tech companies in 2024

Answers to questions

Which companies have laid off 34,000 workers due to the development of artificial intelligence?

Among the companies that cut jobs are well-known brands such as Microsoft, Snap, eBay and PayPal.

How many workers were laid off from 138 tech companies in 2024?

During this year, workers from 138 technology companies were laid off.

Why did companies fire workers?

Companies have realized that the transition to a digital lifestyle will not last longer than the COVID-19 pandemic. Therefore, when life began to return to normal, the need for such a large staff disappeared. So they had to cut costs, including layoffs.

Which companies announced optimization in 2024?

Companies such as Amazon, Microsoft, Meta, Google and Spotify have announced optimization this year.

Why do companies lay off workers while actively hiring new ones?

Strategic reductions are taking place in parallel with active recruitment in new areas of the company.

Copywriter Elbuz
Brief description
Tech companies have already laid off 34,000 jobs due to the rise of artificial intelligence in 2024. The loss of jobs in the global technology industry has become the main problem, which the Financial Times writes about.
Article Target
To inform readers about the loss of jobs in the technology industry due to the development of artificial intelligence
Style
Informative
Target audience
Technology, business and interested parties


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Tech companies have already laid off 34,000 jobs due to the rise of artificial intelligence in 2024. The loss of jobs in the global technology industry has become the main problem, which the Financial Times writes about.


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