The tech industry is experiencing an extended period of layoffs, diverging from its usual cycle of booms and busts. This change is partly attributed to the rise of AI technologies, like neural networks driving platforms such as OpenAI's ChatGPT and Anthropic's Claude. Although not directly linked to layoffs, the integration of AI in businesses is implicitly influencing the scope of job cuts. Companies like Salesforce and SAP are downsizing while investing heavily in AI, which offers efficiency but raises questions about job displacement. While AI automation promises more fulfilling roles in the future, the immediate effect is significant layoffs with no clear prospects for those affected. The article highlights the need for greater transparency in how AI replaces human roles, acknowledging both the positive and negative impacts of this technological revolution.
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