Layoffs.fyi: companies announced layoffs affecting 45,800 tech employees in March, making it the worst month for reported tech job cuts in at least two years
Layoffs might lift some efficiency measures, but there are other considerations — Tech companies are rushing to trade their people for more chips.LinkedIn:Georg Zoeller.
That's because while it looks these companies and their leaders are in the driver seat, they are not. They, like the rest of the market are caught in a trap of their own making: …
Headcounts are dropping... Meta: -10%. Microsoft: -7%. Both companies: +400% AI capex. This isn't a layoff, its the transition from neurons to silicon.