Tech Giants Invest Billions in AI While Cutting Thousands of Jobs
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Tech companies like Google and Amazon are laying off hundreds of workers while investing billions into AI.
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Over 5,500 tech employees have lost jobs in 2023 amid a continued pandemic demand recoil.
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Companies like Duolingo and IBM have cited AI advancement as a reason to reassess staffing needs.
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Goldman Sachs estimates 300 million jobs globally could be lost to AI, with white-collar roles most at risk.
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Lawmakers are concerned tech layoffs are disproportionately affecting minorities and women.