Tech spending shifts to meet AI demand, forces a 'reshuffling of skills' for workers

Tech companies such Google, Amazon, Meta (Facebook) and others laid off tens of thousands of workers last year as an adjustment to over-hiring during the COVID-19 pandemic.

But the firings have not abated in 2024.

In January, job cuts leaped 136% over December and hit a 10-month high, according to a new report by outplacement firm Challenger, Gray and Christmas. The surge in firings was led by the tech and financial services sectors. (In fact, Cisco may be …

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