Quote from: kryptqnick on Today at 12:06:52 PM

Job cuts like that are very unfortunate, but maybe it just means that we'll see more decentralization (tech giants getting smaller, and smaller companies getting bigger), I don't know. According to the World Economic Forum report on the future of jobs, IT jobs are actually expected to grow, and some positions are among the fastest-growing across the job market (big data analytics, encryption, cybersecurity, AI and machine learning specialists, information security analysts). Perhaps lay-offs are in tech companies, but they're firing people who are doing mundane jobs?

Tech companies are striving so I doubt that their reason for layoffs is because of its declining overall performance. Also, IT related jobs are getting more in demand, especially that we are relying more on technologies with our day-to-day stuff. So I agree that perhaps they are cutting off jobs with minimal tasks or importance wherein in can be done with the help of technology. In this case, it'll be more convenient for these tech companies since it means less employees to pay and they can save money. And with technology, those tasks can be done faster and more efficiently.

Based on what I've searched, AI is really one of the factors of it. And most likely, admin and sale related jobs are affected by it. Since with AI, they can minimize their expenses and at the same time improve the performance in admin related tasks.

Quote

Grammarly cuts 23% jobsGrammarly, the popular tool for spell-checking and grammar correction, recently laid off about 230 employees, which accounts for roughly 23% of its workforce. The CEO, Rahul Roy-Chowdhury, clarified that the layoffs were due to the increasing importance of AI and the company's focus on driving AI-enabled workplaces.
DocuSign lays off 440 employeesE-signature company DocuSign announced a restructuring plan on Tuesday. 6% of its workforce will be laid off, mostly affecting Sales & Marketing. DocuSign has 7,336 employees, so around 440 jobs will be affected. The plan aims to improve financial and operational efficiency.

Source:

Code:

https://www.google.com/amp/s/timesofindia.indiatimes.com/gadgets-news/tech-layoffs-this-week-job-cuts-continue-at-amazon-snap-cuts-over-500-jobs-and-other-layoffs-in-tech-industry/amp_articleshow/107599431.cms