Tech Industry Layoffs for AI
Chegg is not the only company firing employees to make room for AI. In fact, the trend has been seriously picking up steam over the last few months, with huge companies making massive cuts to free up capital for AI investment.
Just this week, for example, Amazon was rumored to be considering a 30,000-employee culling that would represent one of the largest in the company’s history. On top of that, companies like Meta, IBM, Salesforce, and many others have admitted that AI is making them reconsider the current state of their workforce.
Simply put, AI is having a huge impact on the business world. More specifically, it’s putting millions out of work with little return-on-investment, paving the way for one of the biggest bubble pops in history.
