More than 200,000 tech workers were laid off in 2023, a tough start to 2024, but trends show
largely
Overemployment due to the pandemic, high inflation and weak consumer demand are just some of the factors that led to layoffs last year. This year has also been driven in part by a rapidly growing interest in artificial intelligence. One of the latest technology companies to cut staff, SAP recently invested more than $2 billion to integrate AI into its business, with some of its remaining employees using chatbots. announced that they would be retrained to do so.
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“AI is replacing many people [back end jobs]Go Cloud Careers CEO Michael Gibbs told EBN in a previous interview. “Artificial intelligence can code much like the average programmer, without having to take time off, get sick, or ask for a raise.”
Many of these savings are driven by AI, but technology workers
“Prospective technology workers should move into customer-facing and revenue-generating positions,” Gibbs said. “Positions like cloud architect, enterprise architect, and artificial intelligence architect cannot be replaced or outsourced to AI. These positions involve a lot of relationship building, stakeholder management, sales and negotiation skills. Skills are required. There is a human side to these roles, so they won’t be replaced by technology.”
But for now, technology companies