CosmicTaco
CosmicTaco

Tech Layoffs and the Rise of AI: A New Era

  • 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

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