![]() Some companies have justified these layoffs by pointing to a renewed focus on efficiency and staying lean, thereby putting an end to the pandemic hiring boom and era of "fake work." Many major corporations have made significant cuts to their workforces this year as the rough market conditions that began in 2022 have continued. ![]() Here are how some major companies are pivoting - and axing jobs - as part of an AI push. Matt Winkelmeyer / Getty ImagesĪ number of corporations across tech, media, and finance have made major staff cuts this year.Īt the same, many companies are pivoting to invest more in AI - some even citing it as a reason for cutting jobs. Drew Houston, CEO of Dropbox, cited the "expansion" of AI products in layoff memo to staff in April.
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