Tech spending shifts to meet AI demand, forces a ‘reshuffling of skills’ for workers

Tech companies such Google, Amazon, Meta (Facebook) and others laid off tens of thousands of workers last year as an adjustment to over-hiring during the COVID-19 pandemic.

But the firings have not abated in 2024.

In January, job cuts leaped 136% over December and hit a 10-month high, according to a new report by outplacement firm Challenger, Gray and Christmas. The surge in firings was led by the tech and financial services sectors. (In fact, Cisco may be eyeing significant layoffs.)

To read this article in full, please click here

​ Tech companies such Google, Amazon, Meta (Facebook) and others laid off tens of thousands of workers last year as an adjustment to over-hiring during the COVID-19 pandemic.But the firings have not abated in 2024.In January, job cuts leaped 136% over December and hit a 10-month high, according to a new report by outplacement firm Challenger, Gray and Christmas. The surge in firings was led by the tech and financial services sectors. (In fact, Cisco may be eyeing significant layoffs.)To read this article in full, please click here   Read More Computerworld