**Tech Layoffs Linked to AI: The Growing List**
More than 20 major tech companies have laid off staff this year, with artificial intelligence being cited as a key factor in many of these decisions. Monday.com, a work management software company, has just become the latest addition to this list.
Monday.com joined the ranks of companies like Google, Facebook, and Microsoft after the Tel Aviv-based firm announced it would be laying off around 10% of its workforce due to increased efficiency brought about by AI. According to the company, AI-assisted automation has improved the speed and effectiveness of its software, making previously held positions redundant.
Google was one of the first major tech companies to cite AI as a reason for layoffs, cutting more than 12,000 jobs this year as it shifts focus to more innovative AI-driven projects. Facebook, now rebranded as Meta, has also cited AI as a factor in its decision to let go of 13% of its workforce. Microsoft has followed suit, laying off around 10,000 employees in an effort to realign its workforce with the changing technology landscape.
The impact of AI on the workforce is a pressing concern, with many experts warning that widespread job displacement is on the horizon. While AI is expected to bring about significant improvements in productivity and efficiency, it also poses a significant threat to workers in sectors that rely heavily on routine or repetitive tasks.
**The Layoff Timeline**
Here is a list of the major tech companies that have cited AI as a factor in their layoffs this year:
* Google (12,000+ jobs)
* Facebook (13% of workforce)
* Microsoft (10,000+ jobs)
* Monday.com (10% of workforce)
* Robinhood (340 jobs)
* Instacart (1,900 jobs)
* Amazon (18,000+ jobs)
* Walmart (220 jobs in its tech division)
* IBM (3,900 jobs)
* SAP (3,000 jobs)
What this means: As AI continues to transform the workforce, it’s clear that the tech industry is at the forefront of this change. While AI has the potential to drive significant productivity gains, it also poses a significant threat to workers in sectors that rely heavily on routine or repetitive tasks. As companies continue to invest in AI, workers will need to be adaptable and willing to upskill to remain relevant in the job market.
