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From:
Aha! Blog
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Is AI why we are seeing so many layoffs?
https://www.aha.io/blog/is-ai-why-we-are-seeing-so-many-layoffs
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It is not so simple as "AI is replacing people and taking all the tech jobs." AI investments are expensive, and markets are stalled. Companies do not want to be left behind, and the cost needs to be offset with savings from somewhere.