50,000 Tech Jobs Replaced by AI as Companies Adapt for a Future Driven by Artificial Intelligence

Tech companies across the globe are restructuring their workforces, replacing around 50,000 jobs with artificial intelligence (AI) in efforts to accelerate growth and embrace AI-driven innovation. Big tech giants like Oracle, Intel, Microsoft, and Nextdoor have all initiated major workforce changes driven by the need for large-scale investments in AI development and infrastructure. These layoffs are attributed to companies actively pursuing ambitious AI initiatives and managing associated costs.