Big Tech isn't exactly doing a great job of marketing them. Saying they're for AI while doing mass layoffs attributed to AI isn't a winning message.
Any individual layoff is truly awful.
But at the macro level, it is not really a big number so far. From ~2.48 million in 2023 to ~2.37million now. Or a 5% drop in employment in 3 years.
Fred: All Employees, Computer Systems Design and Related Services (CES6054150001)
https://fred.stlouisfed.org/series/ces6054150001
Any individual layoff is truly awful.
But at the macro level, it is not really a big number so far. From ~2.48 million in 2023 to ~2.37million now. Or a 5% drop in employment in 3 years.
Fred: All Employees, Computer Systems Design and Related Services (CES6054150001)
https://fred.stlouisfed.org/series/ces6054150001