Xiao Huang: Tech companies are still profitable, so why are they laying off so many people?
DOORM: Because this isn’t cyclical—it’s a trend driven by AI. Companies realize AI can do a lot of the work, so they no longer need to keep as many people.
Xiao Huang: Tech companies are still profitable, so why are they laying off so many people?
DOORM: Because this isn’t cyclical—it’s a trend driven by AI. Companies realize AI can do a lot of the work, so they no longer need to keep as many people.
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