Tech Layoffs Continue While SF Sees AI Boom
• Numerous tech companies like Cisco, PayPal, eBay, Google, and Salesforce have announced layoffs recently, continuing 2024's tech job losses • However, Salesforce CEO Marc Benioff says San Francisco is undergoing an AI "revival" with entrepreneurs and investors flocking back • Tech analyst Tim Bajarin agrees, seeing incredible demand and jobs growth for AI talents and programmers • Bajarin attributes recent layoffs to overhiring during COVID and inflation concerns, but forecasts a bright future for Bay Area tech • He expects more tech hiring in the next 5 years than the past, with corporations increasingly trying to integrate AI into business processes