3 Days
Source:
Los Angeles Times
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Source: Los Angeles Times
3 DaysLos Angeles Times
Source: Los Angeles Times
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Microsoft offered buyouts to about 60,000 workers, roughly a quarter of its global workforce, as it balances AI investment costs; Meta and other technology companies have also announced major cuts. But evidence that AI is driving the broader wave of layoffs is limited, with pandemic-era hiring reversals and a softening labor market also contributing. The article notes that past tech downturns and political cuts to research funding have also cost jobs, and argues that high-tech employment booms and busts are recurring.
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