Tech Layoffs Surge: 52K Jobs Cut in 2023

0:00It's April 3rd. Welcome in. This is Vancouver News today, where local news meets AI. Tech layoffs are hitting hard this year, with over 52,000 jobs cut across the sector so far. That's a big wave as companies adjust to new realities. Marchal loans saw 18,700 positions slashed, pushing the yearly total even higher. Firms are feeling the squeeze from rising expenses tied to artificial intelligence rollouts. Big names like Amazon and Seattle and Microsoft up in Redmond are part of it, alongside thousands of smaller outfits. Workers are scrambling, updating resumes amid the uncertainty. A fresh report from out placement trackers, Challenger Great and Christmas lays out these numbers showing no signs of slowing down. As AI keeps reshaping the game, these cut signal deeper shifts coming for everyone in tech. Stay sharp out there.