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Big Tech Companies Cutting Jobs

🚨 Tech Layoffs Hit Bay Area Despite AI Boom

The new year has brought a wave of layoffs for tech workers in the Bay Area, as several big companies announced job cuts in January. The layoffs affect a range of sectors, from e-commerce to social media, and come amid a shift in the industry’s focus to artificial intelligence (AI).

📉eBay, Google, SAP Among the Companies Cutting Jobs

Some of the companies that have announced layoffs in January include eBay, Google, SAP, ChargePoint, and TikTok. The reasons for the job cuts vary, but some are related to downsizing, restructuring, or recalibrating their priorities. According to Layoff FYI, more than 10,000 tech jobs have been lost in the first few weeks of 2024.

🚀AI Offers New Opportunities for Tech Workers

Despite the layoffs, there is still hope for tech workers who are willing to adapt and learn new skills. AI is one of the areas where companies are hiring, as they seek to leverage the technology to solve various problems and create new products. For example, AI Dash, a San Jose-based company that uses AI to fight climate change, has raised $50 million in venture capital and plans to double its workforce in the next two years. Google’s CEO Sundar Pichai also said that the company will focus on its AI-related priorities, while likely cutting in other areas.

💡Advice for Tech Workers Facing Layoffs

Tech workers who are facing layoffs or looking for new opportunities should have a backup plan and keep up with current tech trends, according to John Ko, a veteran of Silicon Valley layoffs. He also advises tech workers to be persistent and optimistic, as there are still many opportunities in the industry, especially in AI and other emerging fields.

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