Despite the profits, tech companies are pruning employees on a large scale. The main reason for this change is Artificial Intelligence (Ai) It is believed. Companies say that now there are many things which are being completed with faster and accuracy than machines and AI than humans. Due to this, the needs of employees are becoming less.

Legendary companies also involved in the series of retrenchment

Legendary tech companies like Google, Microsoft, Amazon, Meta and Duoolingo are making a huge cut in their employees due to AI.

• Google has trimmed over 12,000 employees since 2023.
• Meta removed his 5% staff from the job in February 2024.
• Microsoft, Amazon and Duoolingo are also included in this list.

Effect on every fourth job with AI

According to the study by the International Labor Organization and the National Research Institute of Poland, one in four job generations in the world is being affected by AI. At the same time, the report of the World Economic Forum says that where 17 crore new jobs will come in this decade, 9.2 crore jobs will end.

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Anthropic CEO Dario Amodei says, “AI can have half the white collar jobs and unemployment can increase by 20% in five years.”

• Jeffri Hinton has also predicted a large number of jobs to end with AI.
• According to Microsoft CEO Satya Nadella, “AI is being trimmed due to the focus on AI.”
• Sundar Pichai believes, “Sorting has improved work.”
• Inmobi CEO Naveen Tiwari said, “By 2025, 80% coding will be done by machines.”
• The CEO of Nvidia said, “The way of working is going to change.”

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Not just AI, many more reasons

This trend in the tech industry is not only due to AI. Companies had to decide the structure again due to more recruitment after the epidemic.

• About 2.63 lakh jobs went in 2022.
• 1.67 lakh employees were evacuated in the first quarter of 2023.