How the job market could get ugly
Update: 2025-10-30
Description
Amazon's recent layoffs spark concern about a potential tech job market downturn, as companies may follow suit due to cautious hiring. While AI is blamed for these cuts, some argue it's a convenient scapegoat for overhiring during the pandemic. Experts warn of a major job market collapse if twenty more Amazon-style layoffs occur, with the bigger risk being stagnant hiring. Meanwhile, tech giants like Google, Meta, and Microsoft invest heavily in AI, fueling debates about an AI boom and its impact on the workforce.
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