Where Thousands Of Tech Workers Went After Mass Layoffs
Tech firms shed greater than 386,000 jobs final yr and within the first half of this yr. And that quantity is climbing. However whereas layoffs have taxed employees, a booming synthetic intelligence market is giving the trade a renewed sense of optimism. Generative AI startup offers introduced or finalized Within the first quarter of this yr totaled greater than $12 billion in comparison with about $4.5 billion invested within the area final yr, in keeping with PitchBook. Amazon, Alphabet and Microsoft have additionally made vital AI investments. So how have layoffs impacted tech employees and what is going to the AI growth imply for his or her future? Watch the video to study extra.
00:00 — Introduction
02:49 — Layoffs
06:23 — A.I. Increase
09:48 — What’s subsequent?
Produced by: Shawn Baldwin
Edited by: Nic Henry
Digicam: Andrew Evers
Supervising Producer: Jeniece Pettitt
Graphics: Jason Reginato, Alex Wooden, Christina Locopo
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The place Hundreds Of Tech Staff Went After Mass Layoffs