US EditionYou’re Not Imagining It: AI Is Already Taking Tech Jobs
GLOBAL TECH INDUSTRY, JUL 16 – Tech giants cut thousands of jobs to fund AI investments while hiring for creative and complex roles, with Microsoft laying off 15,000 employees in 2025, about 4% of its workforce.
- In 2025, major firms including Microsoft, Google, Meta, IBM, PwC, and Chegg Inc. announced thousands of layoffs, with Microsoft saying it cut nearly 6,000 employees in May and 9,000 in July, about 4% of its workforce.
- According to Deedy Das, layoffs free up capital for AI investments, while Microsoft said it is reallocating resources to fund an $80 billion AI infrastructure push this year.
- Meanwhile, PwC said it cut about 1,500 jobs and Chegg Inc. reduced its workforce by 22%.
- In response to cuts, managers are offering retention bonuses to employees contributing to AI projects, with AI division staff earning higher pay than non-AI peers.
- Next week, Tej Kalianda, interaction designer at Google, said many companies will follow this layoff trend, while the Trump administration plans to announce its AI Action Plan on July 23.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
Big Tech's AI Race is Squeezing the Middle Class of Coders
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov explains what Big Tech’s aggressive AI hiring spree means for regular engineers trying to stay employed.
·United States
Read Full Article
I'm the ex-VP of HR at Microsoft. The tech job market feels bleak, but here are 3 reasons not to panic.
Despite tech layoffs, ex-Microsoft HR VP Chris Williams says there could be countless job expansions.SolStock/Getty ImagesChris Williams is an ex-VP of HR at Microsoft and has over 40 years of executive experience.He acknowledges that AI is fueling both chaos and opportunity in the tech industry.Williams said despite disruptions, learning has never been easier and there's more money out there.Tech layoffs are the new normal. The headlines come f…
·United States
Read Full Article
Coverage Details
Total News Sources16
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
13%
Factuality
To view factuality data please Upgrade to Premium
