The tech jobs bust is real. Don't blame AI (yet)

Major US tech firms are slashing jobs despite an AI-driven boom, raising questions about whether artificial intelligence is already making human workers redundant.
The tech jobs bust is real. Don’t blame AI (yet)
Why technology firms are shedding workers
AMERICAN TECH is in lay-off mode. Oracle, a wannabe cloud-computing hyperscaler, recently announced thousands of job cuts. Block, a digital-payments darling, is slashing more than 4,000 roles—nearly half its workforce. Amazon and Meta have announced redundancies. From 2022 to 2025 these two and the other five giants in tech’s “magnificent seven” scarcely grew their payrolls. Total employment, technology-related and otherwise, in San Francisco, the world’s tech capital, has fallen by 3% since the beginning of 2023.
This is not, as bosses tell it, because the tech industry is in a funk. On the contrary, it is because the sector is in the midst of a generational boom, courtesy of artificial intelligence. Boosters argue that AI is getting extremely good extremely fast at the sort of work many tech employees perform—spookily so, as the latest model from Anthropic, a leading lab, shows. Humans, in short, are becoming redundant.
Source: Hacker News
















