Big tech layoff now funding AI expansion
Big technology firms are laying off employees big time and they are saying it is all about Artificial Intelligence (AI). The feared massacre is happening. But is it AI, or are these companies trying to keep their high profit margins by ‘right-sizing’?
The debate has erupted as Meta has just announced plans to lay off 8,000 employees globally, about 10 percent of its workforce, many of them from India. The company is also discontinuing 6,000 open jobs.
