News · VnExpress

Why Tech Giants Keep Laying Off Staff

On October 26, Microsoft said it is offering about 60,000 employees voluntary departure packages with severance, equal to more than 25% of its global workforce, as it seeks to cut costs and redirect funds to AI investment. Other companies have made big cuts this year, including Meta's 10% reduction (about 8,000 people) and Block's 40% cut (over 4,000 employees), and Layoffs.fyi counts more than 135,000 tech job cuts so far. The article says companies are prioritizing spending on AI chips and data centers and believe they can operate with fewer staff, although some reductions mainly correct earlier over-hiring. However, analysts warn that mass layoffs can hurt morale and push talented workers to leave, while humans are still needed to design business models, serve customers and ensure AI tools are used safely. The layoffs also reinforce fears that AI will destroy jobs, which could fuel opposition to data centers and the technology itself.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Vì sao các đại gia công nghệ liên tục sa thải nhân sự

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