Job reductions in the sector surpassed 100,000 year to date, reaching 106,630 as of July 12, according to the tracker Layoffs.fyi. The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Also, according to the 2024 Economic Report of the President, as much as 20% of the U.S. workforce is at high risk of possible AI-related job displacement.
Job reductions in the sector surpassed 100,000 year to date, reaching 106,630 as of July 12, according to the tracker Layoffs.fyi. The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Also, according to the 2024 Economic Report of the President, as much as 20% of the U.S. workforce is at high risk of possible AI-related job displacement.