Cisco is cutting over 4,000 jobs for the second time this year
Total tech industry layoffs in 2024 so far have reached 130,482
Dell cuts thousands of jobs as part of AI-focused restructuring
Most of the cuts appear to impact sales teams
Bungie CEO faces backlash after announcing 220 employees will be laid off
Pete Parsons has spent $2.4 million on classic cars since Sony acquired Bungie
Intel to eliminate thousands of jobs in cost-cutting move
Rivals have been outshining Intel in recent years
Activision Blizzard has started using AI to pick up the slack left by laid-off artists
Don't worry about it; we won't replace you with AI Activision allegedly promised staff
Company cuts costs by replacing 60-strong writing team with AI
"I contributed to a lot of the garbage that's filling the internet and destroying it"
A hot potato: CEOs, bosses, and the those who make the technology love to assure people that artificial intelligence isn't going to replace everyone's jobs; it will merely augment them – working alongside humans to make life easier. Yet we keep hearing stories like the one about a writer whose employer fired his 60-person team and replaced them with an AI.
Anthropic CEO says a universal basic income isn't enough to address AI job losses
"If the technology goes fast, we'll have to figure it out fast"
Embracer unveils its "human-centric" AI-powered game development ambitions
The company has laid off 1,500 people over the last year
EA paid executives $60 million in the same fiscal year it laid off 670 people
CEO Andrew Wilson got the majority of it
Netflix CEO: AI won't steal creatives' jobs, but those skilled on AI might
Ted Sarandos compared the impact of AI to the death of physical media
Microsoft is shuttering four Bethesda studios, including Arkane Austin and Tango Gameworks, ending all development on Redfall
Microsoft says it is prioritizing "high-impact" titles
As Amazon's robot ranks swell, workers worry about their future
Amazon added 400,000 robots to its facilities in just two years
Tesla lays off entire Supercharger and new vehicles teams, weeks after previous cuts
Elon Musk is going "hard core"
Despite soaring profits, Google lays off more staff, including Python and Flutter engineers
The Python, Dart, and Flutter teams have been impacted
Take-Two Interactive cuts 5% of workforce, shutters projects amid cost-cutting measures
Its CEO recently said there were no job cuts planned
Tesla is laying off 10% of global workforce amid declining sales and production cuts
Around 14,000 people will lose their jobs
Amazon exec: robots and automation will enhance, not replace, human jobs
But then he would say that
Amazon CEO says company is going all-in on generative AI, thinks it could be as big as the cloud and internet
Amazon "isn't done with lowering costs"
Survey reveals 41% of executives expect AI will shrink workforce sizes
Not very collaborative on AI's part
Survey reveals almost half of all managers aim to replace workers with AI, could use it to lower wages
Define "collaborative"
A hot potato: A lot of companies try to assuage fears that employees will lose their jobs to AI by assuring them they'll be working alongside the tech, thereby improving efficiency and making their duties less tedious. That claim feels less convincing in light of a new survey that found 41% of managers said they are hoping to replace workers with cheaper AI tools in 2024.
Tech layoffs are becoming the new normal
Salaries have also stagnated, layoffs are second only to the dot-com bubble
The big picture: Job cuts in the tech industry last year were attributed to the need to economize, driven by inflation and a hiring spree during the pandemic. So, what's the explanation this year, especially when many of these firms have accumulated a significant amount of cash?
Tech workers are dissatisfied with their six-figure salaries, worried about industry layoffs
Many in the industry think they're worth more