Tech Layoffs 2024: Is AI to Blame?

In this video, I dive into the complex world of tech layoffs and investigate whether Artificial Intelligence is a major factor. I'll share insights from my research on recent layoffs in the tech industry. We'll explore the role of AI and automation, considering how they're reshaping the job market, alongside other factors like economic shifts and company restructuring.
I will also share with you my honest thoughts and feelings about what has been going on, I hope it helps you realize you arent alone!
Timestamps
0:00 What is the reason for all the tech layoffs?
3:21 How many people were laid off from tech in 2023?
3:53 Is AI the reason for all these big tech layoffs?
4:57 What type of roles have been laid off?
6:03 How can you tell if your company is going to do tech layoffs?
7:31 When will tech layoffs stop?

[@TiffInTech]

Happy Tuesday friends! I hope you enjoy this video and it brings you some comfort knowing you arent alone!

[@mas5867]

AI has to be to blame. I am not a developer, but I have created programs that use Win API and Powershell ONLY bec I have had access to ChatGPT and CoPilot. I can absolutely see where CS management could leverage AI to get more done with less. But I happen to love what is happening. To me, code is way more complicated than it has to be, and I think it was deliberate as a barrier to entry. What goes around comes around.

[@mas5867]

Regarding the reductions in HR. I love it. Robot women who have looked down their long noses at the rest of us are now getting their dues.

[@pbesanders2462]

Come to Spain, dear :X

[@fai8t]

Again I am confused did is it AI to blame or not Aside for HR?

[@Jibril_Abdulkadir]

I don’t think AI has changed tech world that much when it comes to work force. It has to do more with the economy and world issues than that. Great vid tiff

[@Enrique-ip3fq]

i think it is a combination of both. But yea AI is not the main reason, is just part of the reason. Bad economy + AI that can help reduce teams and save money to companies = lay offs

[@alexaneals8194]

@@Enrique-ip3fq But AI is not there yet. Currently, these bots are good search tools, but the code is not that reliable unless it's a known algorithm. Unfortunately, many non-technical individuals may think they can replace developers with AI, but they are doing so at the risk of buggy or unsafe code. I have seen this with databases when companies have cut costs by having front-end and middle-tier engineers manage or build out databases. Just because they may know a little SQL, doesn't mean that they know how to design the base tables correctly.

[@shyshka_]

@@Enrique-ip3fq not a single programming job has been DIRECTLY replaced by AI (and I mean direct 1-to-1 replacement of responsibility) as of January 2024, I can guarantee you that. AI is just not good enough to fully replace a developer

[@davidjacobs2533]

@@Enrique-ip3fq IA esta sobrevalorada. no podria remplazar un solo programardor actualmente

[@RdozeTV]

Correct! I blame Joe biden for this

[@cody_codes_youtube]

Tiff, this is great content! I've been fielding so many questions in this same area and I like how you discussed the topic and showed what you were seeing in the industry. It's crazy times, but different times than the past 10 years! Thanks again for sharing your thoughts

[@fuzonzord9301]

I think a big question is how much of tech industry is actually economically viable and how much of it is pure grift? I think that lately there may be less trust from investors.

[@sydneyrenee7432]

The Microsoft layoff was definitely due to realigning to developing CoPilot/AI. But I don't currently know any tech companies laying off due to OpenAI/generative AI because frankly it's still not at the quality level where they depend on it. But some job are so manually intensive/grunt work that it wouldn't surprise me if automation couldn't end the position. Data entry, etc.

[@robertmazurowski5974]

AI requires operators, in my opinion if layoffs were due to AI, companies would lay off more senior employees and start employing entry level people more. That is not happening.

[@riomorder]

in my company we had 2 round of layoffs the first one because they are moving jobs to India, the other one, they are moving budget to AI department (they dont eve know what they want to do just dont want to be behind other ones). Not only tech companies are laying off I know Biotecha and Insurance are doing it too.

[@sPanKyZzZ1]

Microsoft is heavily hiring in my country in east europe, they are just moving the jobs from US to cheaper places.

[@jamesberry4514]

​@sPanKyZzZ1 Bringing us back to the US economic, and currency health.

[@walkerlamer]

Thanks @Tiff! Love your content & vibe : ) Maybe you could consider an episode where you look at the effect of the Federal Reserve Monetary Policy / Interest Rate Hikes and their effect on the Tech Industry's liquidity? I think you'll find some indicators and the root of these issues manifesting as layoffs. All the best!

[@MrRashid1990]

You're right Tiff, it's over-hiring fallout mostly but other areas in tech are still severely understaffed such as cybersecurity.

[@danb8606]

@@Danuxsy AI is still full of bugs and incorrect outputs. Humans will remain a significant factor to programming and cybersec, for quite a while more. AI doom and gloom from pessimists like TechLead, are easily refuted.

[@shyshka_]

@@Danuxsy ahh yes. leave it to AI to handle cybersecurity, great idea. God help your naive and ignorant soul

[@nah131]

nah I don't trust this. The so called "high demand" is the greatest bait

[@karlroth7082]

It’s exciting and at the same time scary. Truth. But what is happening , there is a surplus of a saturated marketplace. Too many doing the same jobs. A,I, Is making things easier and it presents so many new options.

[@dempseydeclerck2911]

I'm hopeful that things will start to balance out a bit in the second quarter. 😊 On the topic of hiring in big tech, I'm thinking that might be a story for 2025. But yeah, it's pretty clear to me that the cuts made weren't deep enough and is an extension of 2023, especially with how AI is changing everything. AI was definitely a standout sector in 2023, but it's also pushing everyone to be more focused and efficient.

[@paulsander5433]

Getting laid off definitely has little to do with individual performance. Even stars are let go, and also managers. One of the bigger contributors has to do with size of one's salary, but that's also offset by contractor status. Other things to look for if you suspect layoffs are coming: - Departures in the finance department. - Multiple departures at VP or senior director level. - The CEO's car gets a downgrade (for smaller companies). - Completion of a large project or a major new product launch. - Investment overseas (if you're in the USA). - If you're in IT or dev/ops or HR, multiple layoffs in other departments.

[@alexaneals8194]

Lot of layoffs are also done to minimize legal problems. If a company lays off a partial team, it runs the risk of getting sued for discrimination. So, they will cut the whole team. This happens especially in large corporations.

[@TechTaffie]

Hi Tiff In light of this, would you say getting into tech is still worth it, considering you said you believe layoffs might continue for the next 6 months? I've been self-teaching the aspects of data science for a while now and I'd like to get an understanding of what you think about still venturing into tech.

[@cody_codes_youtube]

I know you're asking Tiff, but I wanted to chime in, I think it's still worth it. BUT the industry is definitely going to be a bit different and there is some rough spots as the market and the industry adjusts to the interest rates and the exploration of AI and outsourcing. I personally believe that this is an adjustment period that will lead to a newer and weirder growth period of tech again.

[@TechTaffie]

@@cody_codes_youtube Thanks for the response and insight. This helped me clear some doubts I had.

[@mas5867]

​@cody_codes_youtube *"I personally believe that this is an adjustment period that will lead to a newer and weirder growth period of tech again."* This feels like an emotional response. Give us an example or two of what you mean. AI and robotics will forever change this field and less and less humans will be needed.

[@cody_codes_youtube]

@@mas5867 absolutely. To be fair: no one can predict the future. But what I can do is reflect on my career history, and current experience with AI. So here goes: Computers generating and assisting code development is not new. This AI is just a super powered version of that. For example, the internet started with single page apps advertising businesses like “joes donuts”. Just contact information. Then we quickly invented generators and things like Wordpress to simplify making those web pages. Now Wordpress has 40% of the internet and has allowed one developer to manage like 30+ Wordpress apps at a time. We still need those devs, but they can handle more. Then when things got more complicated, we invented bigger frameworks to simplify how to make those complicated websites easier to build. Look at Rails, and then React. Those all come with conventions and generators to build fast. Now we have AI. Yes, it’s like a super-charged example of my examples. I’m excited for it because as a software engineer of 15 years, I’m always drowning in work and constantly wishing I had more time in the day. AI is a clear tool that allows me to manage even more software and orchestrate more systems. What do humans do when we can be more productive and handle more? We always increase our demand for those workers and the economy and market is able to advance in ways we’ve never imagined. If AI just wipes us out, and humans don’t think of new ways to build, then that breaks the pattern and will surprise me. Then I’ll find a different career. Oh well!

[@HtxTony]

🎯 Key Takeaways for quick navigation: 00:01 🎥 *The video discusses the need to address tech layoffs, which have been prominent lately, causing discomfort in the tech industry.* 01:12 📊 *In the week ending January 19th, 2024, there were 2,200 layoffs in the US tech sector, and in 2024, at least 6,500 US-based tech workers have lost their jobs.* 02:49 💼 *Layoffs are partly attributed to overhiring during the pandemic, as data suggests employees laid off had a median tenure of about 2 years.* 03:57 🤖 *The video explores whether AI is taking over tech jobs, with 28% of layoffs occurring in HR, where automation is impacting tasks.* 06:03 🔍 *Signs that layoffs might be happening include hiring freezes, payroll freezes, and decreased workload or project cancellations.* 07:39 ⏳ *Layoffs may continue in the next 6 months, but the video advises not to panic and emphasizes that it's not about individual performance.* 09:03 ✅ *The video concludes by reassuring viewers that they're not alone in their feelings of uncertainty and suggests analyzing the situation and focusing on facts rather than fear.* Made with HARPA AI

[@mas5867]

this definitely helps, She needs to use something like this when she creates her videos. Her videos aren't clear.

[@luciarigoni8289]

Great video! Thanks, Tiff 🌟

[@JD-vj4go]

If you are in the US it's mainly offshoring. The economy isn't great and companies are expanding overseas to save money. It's going to get worse for tech workers.

[@Enrique-ip3fq]

Bad economy + bubble of tech exploded due to multiple factors, like over hiring and over paying some positions + AI helping reduce costs = lay-offs

[@davidjacobs2533]

AI it's not part of Equation. has not replaced a single programmer on planet earth.

[@jenny-DD]

She has a bright future from behind

[@danielgrove7782]

And kudos to everyone all the posts are very insightful. The comments on most sights that delve into this subject are really hard for me to read

[@denniszenanywhere]

The question is ai taking over our jobs is not exactly right, the question should be what excuse will greedy companies use next time they layoff employees. In a recent spate of layoffs, companies have finally admitted to saying they were going to focus on Ai for the reason of their layoffs. Companies will lay off people more as they will mistakenly think Ai can do our jobs, and because they need to please shareholders.

[@anonymousan5063]

If there are so many layoffs in America then how American companies are hiring indians in large nos with Sky high packages

[@fazalhayat7848]

Nice update and motivational video

[@DingoYabuki]

AI can dramatically increase the efficiency of developers, and companies will realize they can hire less people to achieve the same amount of work. Of course AI cannot replace programmers outright, but the huge efficiency boost is not something to be ignored. If you're not using AI to your advantage you're quickly going to be left behind. Regardless of how much you know, without AI you're going to be spending time writing boilerplate which Copilot/ChatGPT can pump out in seconds given the appropriate prompt and context.

[@user-ko2km8im1w]

I've been looking for a job for 7 months and I can't find one

[@22tango0071]

The tech jobs were primarily financial fintech. Things are changing for big companies to cut labor costs for those with low skills, and robots in manufacturing and logistics will be f500 company. A warehouse will have only a handful of workers in a couple of years vs. 100s. That is unsustainable when FedEx and UPS pay people $100k/ yr. 20% got to go.

[@Ninja-samurai-]

Laid off last Wednesday with few others and today my company announced they will be integrating AI in technical supports. Thought we have a long way to go before it kicks us out. Seems I was wrong 😢

[@buzzeins]

Thank you Tiffany!

[@run3lord]

Good video. Sidenote: Been in tech for 17 years and never seen a SWE that looked like you, like ever

[@ravenecho2410]

Nice post!

[@margaret8114]

You can fix bugs in your code with chat gpt too! So you can code faster. Copy and paste in the bad code and it spits out good code.

[@espnmk]

Tiff what better time than now to hone those lacking skills that will make us valuable for the Industry and give us staying power or atleast skills that will take us on to the next job with minimal downtime. Thanks for Sharing. We need TiffinTech Merch...

[@rodblues6832]

What skills precisely are you referring to?

[@bmay81]

Gluck-Gluck.

[@morethananything]

It's just my luck that I decided to transition into development from marketing. Guess I'll just take my time to learn new skill and deepen the knowledge I already have until sometimes decides to hire me. :D

[@Mister_Garibaldi]

How many of these companies doing layoffs are simultaneously applying for more H-1B visas and lobbying the government for more H-1B, H-4 EAD, OPT, and other visas? The supposed reason we "need" the H-1B visa is to supplement the US workforce, but if hundreds of thousands of tech employees are being laid off, why do we still need these visas?

[@zaitunpeace]

Excellent analysis! The keyword is "supplement", which is code word for CHEAP REPLACEMENT. Some US companies have decided to reshore their manufacturing or projects they originally outsourced to other countries due to the increasing complexities of supply chain, low quality inspection, global upheavals and what not. They aren't doing it because of their undying love for us...they will pivot in whatever direction suits their pockets. I just feel that emloyees need to understand that they have to look out for themselves. No company is going to do that.

[@carlsoria21]

It probably has something to do with the end of January earnings report for companies, to offset the financial losses that is factored in a report.

[@MilaMath]

I think that there is a saturation in the tech industry. I always hear people say I’m doing courses or boot camps. Maybe it’s a good idea to look at the hiring rate? That may show if they are hiring people for less pay.

[@ronjcharity]

For AI / systemization / automation to occur processes (what departments do) must be documented. Most places Ive worked and consulted for are CMMI 0…so they a paralyzed and infighting trying to make progress.

[@BlessedForever888]

My own sense is that there are layoffs for outdated jobs and in their place there will be multiple new upgraded job titles tailored for the new AI world that people could move into

[@JD-vj4go]

You ever work in automotion? A small team can replace a whole bunch of workers. Companies invest in automation to reduce labor costs not to create cool new AI jobs.

[@alexaneals8194]

@@JD-vj4go Well they better hope that AI can buy their products, because if people don't have jobs, they can't purchase anything.

[@Civicion]

Playing advocate of the devil here, but AI will create more jobs? Based on what evidence? AI will not create more jobs, it will decrease the amount of jobs necessary and available. Tech has traditionally created more jobs, but that narrative is outdated and a cultural myth. Not all technology is created equal. Some elucidation on where I base my arguments on: kzbin.info/www/bejne/h6SnXn-MbN5gfqc Robotics, AI and automation is a far more productive and efficient resource than 'Human Resources'. In the production logic of companies, human labour is costly as well as the limited productivity. Workers have rights, need sleep and only work so many hours a day. If you can replace it with any system that performs at a lower cost, with better productivity and less error. You will do so, if not by rational logic, you will be forced by the competitive environment to stay relevant as a business. Things like ethics, altruism or any form of benevolence can not really flourish in a competitive environment. Ethics, Human wellbeing in the labour market has always been secondary to the objectives that result in maximizing value creation and capture. The capitalist economy will still continue, but it won't be smooth sailing with financial security if you think it won't hit you one way or another. Not to spark doom or fear, but we need to prepare for what comes after. There is also perspective. Such as Post-Labor economics and related currents.

[@anirecapped.]

@@alexaneals8194 Universal Basic Income.

[@thecloudtechguy]

You may want to research more and you would maybe realize that funding is getting hideously difficult to get and if you get it its more expensive. Whether your a small startup or a large company the cost of capital is a major concern. Another issue is the DEI silliness, companies are realizing these forced upon DEI policies are a liability.

[@MahmoodHasand3]

Not AI it’s the economy!!

[@Question-nv8mh]

Both

[@MagDrag123]

+ greed and poor management

[@HunterFox2x]

What about economy?

[@miketimberland4850]

what a coincidence then !!

[@curiouspenguin6887]

AI or maximizing shareholder value? Leaning toward the latter.

[@poseidon8510]

Economy and world issues, not IA .... thanks for ur video !

[@DavidLeutzinger]

Not to mention, an AI HR program will be more easily convinced to simply fire people than work to fix any shortfalls in current personnel.

[@sahabrandon1]

What do you think is chat gpt newer versions replacing more jobs ?💯

[@FuZZbaLLbee]

Layoffs are there because lending became more expensive for companies, because of increased interest rates.

[@danmarquez3971]

Interesting hypothesis. I suspect there is a bigger reason: real estate prices. Home prices have become unsustainable, so employees must rent. Rent has become nearly unaffordable, thereby making employees and business buildings far more expensive. As a result, baby boomers are becoming homeless. I haven't even touched healthcare costs, transportation costs, and unaffordable groceries.

[@TiffInTech]

So true. So many things affect it

[@danmarquez3971]

@@TiffInTech Yup. I remember decades ago that you could purchase a warehouse in China for less than the monthly rent in Los Angeles. Greedy real estate hoarders (many in government) are a huge problem.

[@karlroth7082]

Many companies are firing employees if they refuse to come back to the office.

[@jdooweb]

I got laid off two weeks ago along with 47 other devs and creatives. AI is directly responsible as per the new CEO who had no problem letting us all know as we were walked out the door. Anyone who thinks their job is safe from AI is not paying attention.

[@TiffInTech]

💔💔💔💔

[@wanderingfido]

The CEOs are just using it as an excuse. It's just a linguistic interpreter effectively trained on ginormous amounts of data. Corporate is still just pretending their own crap doesn't stink. We're in a global slowdown because we lost a ton of habitual consumers. The pandemic either killed or forced them into early retirement. There's now a widening chasm in the age-based demographics. It's going to take eight years before the next generation restores some kind of prosperity.

[@Wanderer2035]

It is because of AI, and it’s for that reason why the layoffs wont stop. It’s gonna continue and on and on to the next year and to the next year. Until most people will just throw their hands up and say screw it, no point in trying to achieve something that’s basically become unachievable. At that point is when the job market has become a relic of the past, and AI has taken over all forms of careers and the job market is now over

[@sPanKyZzZ1]

My take would be that yeah, there was an over hiring mostly based on hype but also as a competitive advantege in the market to reduce the availability of developers for any other competitor. I have been hired with a salary way above the market at that time just because I had 2 more offers from other companies, so in order to secure me they offered much more. I think this happened a lot during these prepandemic years and this lead to huge salaries. Now in an economy in which growth was expected constantly this wasn't a problem but now with inflation and tighter money policy the need to justify all these developers cost has come into the focus hance the huge wave of layoff. As of AI, I tried to use it for development and learning and it's stright up stupid, and confusing small details that are very important. I don't think it's relieable at all to replace one developer.

[@LowkeyHundo]

Many of these companies are probably trying to save money or give executives higher pay by cutting costs :/

[@LowkeyHundo]

@@Danuxsy you’re forgetting that we have an overly inflated economy due to bad policies, higher taxes, etc. not as simple as “oh wages fluctuate”. So when people need jobs the most (in a bad economy), corporations get greedy and cut employees so the executives get bonuses.

[@da1680]

Is digital marketing a good field to get into?

[@_sonicfive]

No, because everyone takes that field with a grain of salt. It's lined with BS. Unless you have a repeatable and demonstrable way to get results for a client.

[@KeepItFresh02]

I worked as a software dev and was laid off from my last job. There is no way AI could build the niche software we were building. There are too many tools and platforms all working together for one piece of software. It needs humans to come in and integrate them all together.

[@IzabellaRequiem]

Gotta tell you in Europe, Poland to be exact the IT jobs are BOOMING, its because Tech job can be done remote and this changes everything. I myself got the Cloud role that was moved from America to Poland. And there was a LOT of those roles. Americas getting layd off because they are expensive. In Europe only Switzeland and London have bigger salaries and I would know I moved from Finances I saw the numbers. You guys are just to expensive. PS. I was interested in one role and it was moved to India, just found out yesterday :D

[@ilovedogs938]

Not the case in the UK. So many tech layoffs.

[@IzabellaRequiem]

@@ilovedogs938 Yes I know entire sectors closed in London, its because you guys have better menagerial quality roles there but at the same time other ones are less of quantity because you guys are expensive.

[@karag4487]

​@@IzabellaRequiem why is London like this?

[@ilovedogs938]

@@IzabellaRequiem Yeah, many friends of mine have been laid off. Many software engineers. I'm switching careers from event management into Data Science through a government run bootcamp that tries to fill in gaps in the workplace and if I don't get a job by September I don't graduate. It's SO HARD.

[@romanrange-]

​@@IzabellaRequiemwhat kind of role move to India

[@sharkysharkerson]

This is not unusual. I think the report that said its a correction of overhiring from the pandemic might be close. Also, tech companies tend to be proactive and get rid of people in advance of anticipated downturns so that they don't get caught unprepared when the economy does drop, since their burn rate is so high. As far as downturns go, I would say its moderate.

[@shawnvines2514]

Surprise Friday Company wide meetings are always a bad sign. Even weirder is surprise group meetings on Friday and then seeing every other group is having a surprise Friday meeting at the same time.

[@jesuscarrillo7411]

Nice swetheart❤❤

[@aidenberzins]

Like we aren't even a full month into the year yet 🙃

[@petersouthwell5971]

AI is often scapegoated. It hasn't significantly influenced mainstream architecture to pose a real threat yet. Most AI applications are merely AI wrappers, offering nothing extraordinary in terms of API usage. The technological prowess of AI hasn't reached its full potential; it struggles to generate quality web pages without extensive guidance, often requiring as much effort as manual creation. In my opinion, AI does provide some basic template generation, though. From my perspective, companies are exploiting AI as a smokescreen to conceal their overstaffing, which was primarily aimed at projecting illusory growth potential to investors. To date, AI hasn't truly replaced any jobs; it's simply not equipped for that yet. The niche field of AI development is monopolized by major corporations, suggesting that AI creation won't become a widespread occupation like full-stack development currently is. In my view, the real issue is that these companies saw an opportunity for gratuitous funding and used it to secure assets prematurely, leading to overstaffing. AI isn't prepared to usurp jobs yet, and while many companies are eager to incorporate it and are hastily integrating it into their agendas, they lack a genuine, practical application for AI. Essentially, AI is being forced into the picture more as a trendy buzzword than a functional tool.

[@AnthonyBurback]

Overhiring during the panemic? What are you talking about almost nobody was hiring during the pandemic

[@ghostgear5104]

Layoffs are just beginning, the more advanced technology becomes, the less need for humans is required. Companies no longer need to pay people to sit around at their cubicle and do nothing (typical tech worker).

[@ajhanitinsley9127]

3:21 Well, more people are saving money than spending on technology. A computer used to cost 500 now they want 1200, and it doesn't even have 4k. I save what I can for rent, since jobs can lay off anytime or be petty and make you leave.

[@lisalisa1656]

🍎 where I work, basically put a hiring freeze and fired underperformers

[@kumardigvijaymishra5945]

Honestly Tiff, I haven't understood relevance of HR in technology industries. HR people are completely out of sync most of the time, and they never understand the market and the company. HRs are just those who have some relatives working with the company and want to have some control over the firm.

[@bmay81]

Overpaid corporate shills.

[@Topgunchannel]

Oh really? That’s cruel event! But good moment for me because I’m material engineer and material scientist

[@bigbarry8343]

No, they are hiring in india, where people can live well on $5K a year. the proportion of offshored jobs in every major company in the uk went from 0% in 2008 to 60-70% in 2023.

[@NikoKun]

Whether they admit it or not, companies are quickly realizing they can, or will very soon be able to, significantly downsize their workforce now, thanks to AI. Instead of needing dozens of coders or asset artists, now or very soon, they'll only need a few to do the same workload. And this is a trend that will continue as AI continues to improve. We desperately need policymakers to start proposing ideas for how the average worker is supposed to get by, when AI is very likely to out compete half of all workers by the end of the decade. Competition for the jobs that will remain, will be so fierce, everyone will be struggling, and eventually business will slow and stagnate if customers who lost their jobs to AI, no longer have spending money to buy products.

[@moisesespiritosanto2195]

Hi, I'm from São Paulo! Good very good! ABRAÇO FORTE DE URSO!

[@AdamFiregate]

AI is still banned in the large banking sector at least for software development.

[@mas5867]

Unbelievably at Wells Fargo I still cannot schedule a Zelle payment. Telephone banking has been around since at least 1987. I hate WF, but I have free checking for life.

[@BizzaroBrainBoi]

Us new developers are screwed

[@Siva-en9sw]

Seriously I don't think A.I is not going to change anything, even though I am not involved in any development of LLM, but I can assure that A.I is having too many limitations since I am using most available A.I APIs right from chatGPT irrelevant of model versions, but what I am able to ball park are limitations, hallucinations and inconsistent nature. its hard to believe people are losing job due to this reason, it might be an excuse to lay off people from business leader perspective. Then clickbait by influencers

[@riomorder]

AI will not replace all jobs but many of them. I put an example in my ex company (biotech) we had 3 teams of software engineers for 3 different apps, we have one now, because github has copilot, we create workflows to always start the code with it, guess what this helps the software engineers a lot. A the beginning many of them were happy this is a great tool makes my job easier, next quarter they layoff all the QA and juniors. 4 months has passed since then and our productivity is the even better than before, therefore, my conclusion is hell yeah AI is affecting us, and they are improving it every day.

[@aaronwolbach9880]

I don't think it's because of AI. I think it is because of interest rates.

[@NNokia-jz6jb]

I think you are right. Layoffs are just cost reduction.

[@deanschulze3129]

Tech is a boom and bust industry. We're in the middle of a deep bust following a huge boom. Aerospace is another boom and bust industry. The best advice is to save money to get through the bust, and use any periods of unemployment to upgrade your skills. Another boom will come.

[@TiffInTech]

Great advice!

[@jcd3869]

To convince non tech sector customers to adopt AI techs may be setting the example on how it can save money in labor costs. Just an opinion.

[@edwarddelgado9654]

Work is being done cheap overseas, not to spec and buggy but cheap

[@fredrikbergquist5734]

The layoffs of tech people has mostly been in the 20-30 age bracket. Many of them are self taught and got hired in interviews where questions were specific and not assessed how well they would function in a team. Also they were without alot of experience and the company suddenly realized that they payed for educating the person. Meta hires AI people but they should be very experienced. This is of course a problem because how should people fresh from the schools get experience if they are not hired? But companies look on performance/cost so it is not surprising. I would advice people in tech to up their social skills and understand teamwork better.

[@globalfamily8172]

I disagree that it doesn't make a difference how well you produce.

[@Oaverso]

Watching this video feels like attending a tech industry support group meeting. I'd like a virtual group hug if possible

[@Inc0gnit030]

I really hope that my studying Data Science isn't going to be for nothing......

[@IzabellaRequiem]

Its the same for me with Cloud....

[@qwe14205]

I really want to become a Tech KZbinr

[@bigphab7205]

Nothing sells better than fear?

[@Motivatedlightmedia]

it's beyond me that people think we are not in a "recession". Why? Because the privately owned fed reserve tells you were not? Or are people simply blind? Just use your eyes and look at your bank accounts. Oh and history in general. Debt based systems don't last. See the current national debt, when did it last drop. NEVER. And yes things are different these days, one great depression is not like the other when computers and A.I. can replace you. Just be real.

[@isettech]

Tech needs subdivided between the social media, and the STEM fields. I saw the headline and wondered where is the layoffs. My company is in a boom, and has new hires, not laying off. Semiconductor manufacturing is going quite well. Social media, not so much. Layoffs in HR is understandable. When incompetent people were hired due to DEI metrics instead of performance metrics, the new hires were toxic and are now being purged for performance issues. Companies are moving from Diversity, Inclusion, and Environment, back to a merit based Equal Opportunity employer for much better ROI.

[@rodblues6832]

Soon “manual tasks” will include HTML, CSS, JavaScript, Nodejs, full-stack development, SQL, AI modeling, data pre-processing, cleaning, and training, but of course a ton of new jobs will be created too such as … um I can’t think of any. My guess is there will be a huge shift of employment toward working offline with other human beings - teachers, nurses, therapists, etc. and rightly so…I mean, tech isn’t really helping anyone that much anymore. Google maps was a huge step forward for humankind, can’t think of anything since that has actually made life better. People need each other more than they need apps.

[@Pest87]

I think it is not serious to discuss the tech layoffs and not pointing the high interest rates.

[@Ohotnikova_]

AI will continue to take over jobs bc developers will always try to out do each other and what’s been done. I mean it only makes sense unless there are regulations in place which there should be.

[@Ohotnikova_]

@@Danuxsy yeah but I’m talking about the same ones who are behind the AI development. Those are the ones who will continue to advance AI further and further.

[@muresanandrei7565]

Problem is the greed not AI

[@allthingsdetroit]

TECH is our generations "Auto Industry".

[@bazil_b4567]

My job was offshored to India. So yes A.I. is to blame, an Anonymous Indian.

[@danielgrove7782]

It is just as likely that the tech sector is in trouble for other reasons.the nice thing about computer programs is that it can be replicated easily so many tech companies are grossly over staffed so the hype might be an easy way to layoff employees,claiming using ai...they also get free exposure threw the media hype...i say this because i worked on killer robots 23 years ago...i have also been researching a corrupt company that has lost about 45% value in one year you guessed it they jumped on the ai band wagon announced layoffs changed ceo all at the same time.i read a puff piece about the company...but at the bottom of the page there was a graff of the company losing value...sorry i have been involved with this stuff for 4 decades and i ain't buying it..the human brain works pretty well if you use it correctly

[@robertleechford4250]

The Banks can influence corporations.

[@ibrahimeltony4865]

So what then .. more to come or what

[@kishan5481]

Onaruba fine

[@markc5123]

IMF warns 40 percent of jobs could be affected by A.I within the coming years.

[@P8860]

"AI took uuur jurrrbs"

[@aleksandarstanisic1848]

I lost my job, and now i can't have normal life

[@billmusik9794]

Perhaps it is because you can no longer talk to a real person anymore??? And people are giving up doing business with these companies. In addition web site developers are no longer doing a good job a lot of websites I go to look pretty but are not functional.

[@circuloviciosamente]

AI is a very beautiful teenager now. In a few years, it will be an adult that many will want to marry.

[@mas5867]

Yeah, it is great. I have never hated my old girlfriend (Google) more.

[@circuloviciosamente]

@@mas5867

[@ctjmaughs]

Layoffs are not do to AI so far

[@airborneranger-ret]

"Work in tech" is really vague. Just sayn'

[@Headchopperr]

Ai isn't

[@VolodymyrInTech]

👍👋

[@evilzzzability]

The tech industry is so immature - like they're the only industry who have ever had layoffs. Try working in construction or mining.

[@Particle_Ghost]

Blue Chip stocks will continue to go up very rapidly while they save more and more money from layoffs but only the rich people have money to keep buying these stocks.