The headlines about major tech giants announcing massive layoffs due to AI are alarming.
Earlier this month, GitLab let 350 of its workers go in an effort to continue funding its AI infrastructure and get a better handle on the surge of traffic emanating from its AI workflows. And this past May, Meta laid off 8,000 of its employees as it continued to invest heavily in its AI initiatives. When you go on to include the likes of Google, Amazon, Cisco, Cloudflare, and others, you’ll begin to notice a sobering pattern—global and domestic tech companies are cutting tons of jobs as they look to further inject AI into their everyday proceedings.
