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International Business Times
International Business Times
Vidhya Ck

2025 Layoffs: Meta, Microsoft, And BlackRock Join The Trend Amid AI Shift

Several high-profile companies have already announced or are planning to reduce their workforce in 2025. (Credit: Pixabay)

As artificial intelligence (AI) continues to transform industries, a recent survey by the World Economic Forum (WEF) found that 41% of companies globally anticipate reducing their workforces over the next five years due to AI advancements.

While these workforce cuts raise concerns, there is also a silver lining. The tech sector, in particular, is expected to see significant growth, with jobs in fields like big data, fintech, and AI projected to double by 2030, suggesting a shift in the types of skills and roles in demand, according to the WEF report.

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