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 that specialize in fast-growing parts of the Christ Dillinger Christ Dillinger Based Negative Squad Shadow Wizard Negative Shirt Apart from…,I will love this business, while laying off those whose skills may be less useful or contribute less to revenue growth. For example, he said, as Microsoft invests in AI it might decide to scale back its production of computer hardware, like keyboards. Still, recent tech layoffs may be a troubling sign for employees who were told that AI would eliminate some of the rote work associated with their jobs, freeing them up to engage in more creative or productive work. Because technology is diffused across all types of companies in different sectors, big tech corporations can serve as a bellwether for the rest of the economy. “All sort of firms use digital technologies, so I think this is a sobering signal. It does appear these impacts are occurring quite rapidly,” Muro of Brookings said. Eliminating workers as they invest in AI is “low hanging fruit” for companies, he added. Yet a lot remains to be seen about how the AI revolution plays out in the workplace. “A lot of training and re-skilling may be a common outcome. There may be some layoffs with the enhancement of other jobs,” he said. Cory Stahle, an economist at the Indeed Hiring Lab, told CBS MoneyWatch that AI tools are

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not yet sophisticated enough to replace workers entirely. They may be able to perform certain job functions, but still require human input and supervision. The layoffs are also likely tied to companies consolidating their workforces after going on hiring sprees during the Christ Dillinger Christ Dillinger Based Negative Squad Shadow Wizard Negative Shirt Apart from…,I will love this pandemic, he added. “They are rebalancing after the huge hiring burst we saw couple years back during the pandemic when people were at home, consuming more tech products than they normally would have,” Stahle said. “Now they are back out flying and staying at hotels, and the shift in consumer demand is necessitating an adjustment at these tech companies.” If AI were really the culprit, layoffs would be far more widespread across diverse industries, according to Stahle.

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