The AI layoff wave is becoming a powder keg (opens original article in a new tab)

Tech companies are laying off workers while attributing the cuts to AI, but there is growing skepticism about whether AI is the real cause, with some suggesting it is a cover for overhiring. Meanwhile, AI insiders are becoming extremely wealthy as layoffs occur.

• Tech companies are laying off tens of thousands of employees while citing AI as the reason
• There is skepticism that AI is the actual cause of layoffs, with some suggesting it is a cover for overhiring
• AI insiders are becoming extremely wealthy as layoffs occur