As AI Transforms Silicon Valley, Some Tech Workers Face Evaporating Financial Security
3 Articles
3 Articles
Susan Smith, a middle manager at Meta who earned $500,000 a year, employed two nannies, and supported her disabled son, survived four rounds of layoffs but was eventually fired last May. The company told managers that artificial intelligence (AI) was actually
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SlashdotAs AI Transforms Silicon Valley, Some Tech Workers Face Evaporating Financial Security
The Washington Post describes a mid-tier executive at Meta as one of Silicon Valley's "winners" whose financial security suddenly "evaporated" as their workforce "pushed headlong into AI and heavy job cuts," creating a transformed job market. "Her ex-husband, a designer at Meta who was laid off in 2020, eventually gave up looking for jobs in his profession. He now lifts boxes at a warehouse." Layoffs.fyi, which tracks announced job cuts, counts …
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