The 2024 AI tech layoffs

#layoffs #technology #bigtech #faang #jobs #jobseekers #softwareengineer #tech #ai #artificialintelligence

In this video, we explore the surge of tech layoffs in January 2024, and we'll analyze the REAL reasons driving these cuts, the impact on the job market, and how this downturn compares to previous years. Join me as we unpack this current tech industry landscape.

Timestamps:
00:00 - Intro
0:21 - Recent layoffs
3:30 - Why these layoffs feel weird
7:30 - Why layoffs are ACTUALLY happening
8:58 - Comparing to 2001
10:41 - Some positivity

[RBLXGaming]

The real reason is the lack of cheap money. Interest rates are so high that corporations can no longer borrow for free to expand. They are being forced to live within their means.