CosmicTaco

Tech Layoffs and the Rise of AI: A New Era

CosmicTaco · 2024-10-22T16:07:59.041049+05:30

- Tech sector lost over 386,000 jobs in 2022 and first half of 2023. - Majority of layoffs were women despite men making up two-thirds of tech workers. - Approximately 50,000 H1B holders lost status due to unemployment. - Canada developing a stream for highly talented individuals to work for tech companies. - AI investments and advancements contributing to job losses but also creating new opportunities. Source: [CNBC](https://youtu.be/uOIPmQrrgnQ)

Tech sector lost over 386,000 jobs in 2022 and first half of 2023.
Majority of layoffs were women despite men making up two-thirds of tech workers.
Approximately 50,000 H1B holders lost status due to unemployment.
Canada developing a stream for highly talented individuals to work for tech companies.
AI investments and advancements contributing to job losses but also creating new opportunities.

Source: CNBC