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Nearly 80,000 #tech #jobs cut in Q1, but #AI's full impact may be yet to come
A total of 78,557 tech #layoffs were recorded between Jan. 1 and April 1, with the #US accounting for 76.7%, according to analysis by RationalFX, which tallied figures based on #layoff announcements, labor department notices and tech job tracking sites.
Nearly half of the global total, or 37,638 cuts, were attributed directly or indirectly to AI and workflow automation.
asia.nikkei.com/business/techn…
archive.ph/fb2Gw




We know you just came back from vacation refreshed and upbeat. But good news, the consultants worked through the holidays to build a list of people to fire so they can immediately crush that great feeling you had for at least a couple weeks. #Tech #Layoff #AI


It’s a new year so you know what that means??! Time to start up the #Tech #Layoff lottery once again! Who will the bean counters select to be sacrificed at the altar of #AI - people with low “performance”? Those who are unlucky enough to be over 40?

Stay tuned to find out!

It’d be great to have job security wouldn’t it? Nah, then how would they continue to transfer wealth into the CEOs pockets? Think of the billionaires.




"Typically, a #shutdown is immaterial for #markets. In fact, the 2018-2019 shutdown, which lasted for over a month, actually saw #WallStreet rise," said Kyle Rodda, a snr analyst at Capital.com.

Rodda added the issue for markets are twofold, with one being the delay of release of the non-farm payrolls data. The other one is "#Trump has also threatened to permanently #layoff #workers, which could turn the shutdown into a mini #labor market shock," he said.

#Republicans #economy