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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tech layoffs in the U.S. have reached levels not seen since the dot-com crash, with over 50,000 workers laid off from more than 200 tech companies since the start of the year. The job market is described as the worst in 20 years, leading to Indian workers returning home to face even tougher employment conditions. Many laid-off employees are starting AI startups, taking advantage of VC funding opportunities.
"Since the start of the year, more than 50,000 workers have been laid off from over 200 tech companies." What is the explanation for why the U.S. "needs" more H-1B guest worker? https://t.co/bFGrkvxTwq
The tech industry hasn’t seen a job market this bad in two decades. 209 tech companies have laid off 50K this year, after 1,191 companies laid off 269K in 2023. The second time in my career that we’re experiencing a once in a lifetime terrible job market in tech. https://t.co/knQEebr0KG
I have an AI insider secret...shhh (it's dirty) - There's 12,700 AI projects (reports @theresanaiforit) , 1k added per month. -Why? Massive layoffs from Big Tech, which means: -Laid off employees are starting AI startups, esp since VCs are ready to fund. -Employees that are…
