Tech Companies Cut Jobs as AI Investments Rise
- SAP cutting 8,000 jobs as it invests over $2 billion in AI and transforms its business
- Google laid off hundreds in ad sales as it increases AI investment
- Microsoft cutting jobs as it spends billions on AI company OpenAI
- Language app Duolingo acknowledged 10% contractor reduction, some related to increased AI usage
- Experts say tech layoffs show AI's rapid impact, but more study needed on if it's directly replacing jobs