
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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