Is AI Causing Tech Layoffs? this is the point we goanna talk about. AI is very power tool which helping lots of sectors and almost all sector you can think of. Thats why most of companies and businesses are thinking to take advantage of AI, so their work and both are managed easily. But that's the problem because they not goanna hire someone for that particular job because they have AI. Thats the point where AI Causing Tech Layoffs? According to data in 2022, economic uncertainty led to a surge in technology sector layoffs, with over 970 global companies laying off over 150,000 tech startups workers by December 2022. So, we Are going to discuss about how Is AI Causing Tech Layoffs? with How we can deal with this. And also, why is this happening? so Let's get started.
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| Is AI Causing Tech Layoffs? |
Is AI Causing Tech Layoffs?
We all Know the different Kinds of AIs that are growing to mush fast because of their advantage of fast workflow. Just like Open AI s ChatGPT is helping to write almost everything we can think and explain to it. also dally AI generates the images and some are used to drawing and paintings. So why should someone hire a man if he got an AI instead! AI needs less money than man, work fast and used any time- anywhere. some companies are causing of lay off because of AI ex.:
Accenture, after laying off 19,000 workers in March 2023, plans to invest $3 billion in AI over three years, reducing automation roles and increasing its AI workforce from 40,000 to 80,000.
Meta, formerly Facebook, reduced AI teams in 2023 to focus on ChatGPT, a generative AI platform, despite ethical and regulatory concerns.
In 2023, CNET fired reporters using AI for news stories on sports, finance, and entertainment, while Argo AI, a self-driving startup, laid off 10% of its staff due to competition. Both companies aimed to reduce costs and increase efficiency by focusing on core AI competencies and simplifying operations.
Thise are the companies are most affected by ai and its advantages. AI-driven layoffs have significantly impacted various tech-related industries, including education technology, cloud computing, online collaboration, and artificial intelligence. In 2022, online learning platform Chegg laid off 15% of its employees to increase investments in automation and AI. IBM plans to eliminate thousands of jobs in 2022 to focus on AI and cloud services. Dropbox laid off 11% of its global workforce in 2023 to streamline operations and leverage AI capabilities. Despite a $7 billion valuation, AI startup Scale AI announced that 20% of its staff would be let go in 2023.
The rise of artificial intelligence (AI) and a focus on efficiency are the primary reasons for recent tech company layoffs, according to a Today Online article. The layoffs in 2022 and 2023 were primarily due to downsizing after large investments during the pandemic failed to materialize. Companies are laying off workers to accommodate AI and increase efficiency. While AI may seem to replace tech workers, analysts predict high demand for jobs requiring AI expertise. Major tech companies like Google and Amazon are expected to continue laying off employees in 2024 due to their heavy investment in generative AI. However, other factors such as the economy, cost-cutting measures, internal company restructuring, and mergers and acquisitions may also contribute to these layoffs.
Like i Said before Artificial intelligence is rapidly expanding due to its quick workflow. Similar to how ChatGPT from OpenAI helps write nearly anything we can think of and explain to it, Additionally, Dally AI creates the images; some are utilized for painting and drawing. Thus, if someone has an AI, why would he hire a man? Artificial intelligence is faster, cheaper, and more flexible than human labor. AI is the reason behind layoffs at some companies.
But don't worry about too much about it because AI has power, but human created it. may be its fast but make mistakes and not gives always desired content to users. This is the advantages to tech field worker. Make your work more desirable to your clients and save your job and even gets promotion instead.
How to Survive the Layoff and Thrive
We can survive this tech layoff with self-care involves maintaining physical and mental health through a healthy diet, regular exercise, and adequate sleep. Seeking help from therapists, family, or friends can help you process your feelings and make informed decisions. Allowing time to process your emotions before making significant decisions is crucial. Utilizing professional networks can help you explore career opportunities and seek career guidance. Establishing spending priorities and a budget is essential for covering bills during this transition. Consider resources like outplacement services, unemployment benefits, or severance packages. Maintaining a positive outlook and focusing on future opportunities is essential. Keep an open mind and explore new career paths that align with your interests and skill set. Embrace fear and take action in networking, job applications, or further education to move forward with your career goals.
You need to very clean to learn different things about curer and your desired field. Does research about the industry and find reliable job opportunity for future, contact with other who survived this layoff get knowledge and information how they did this? To start entrepreneurship, evaluate your business ideas by conducting market research and seeking feedback from potential customers or experts. Start small by launching a pilot project, creating a minimum viable product (MVP), or offering services on a smaller scale. This will help validate your business model and gain valuable experience. Embrace learning and adaptability, as both alternative careers and entrepreneurship journeys often involve challenges and uncertainties. Maintaining a growth mindset will help navigate these challenges more effectively.
If you succeed to complete these changes to your knowledge, then surely this layoff does not affect you. Just believe what you're doing is right. sure, you will survive it. You must.
