2020 and 2023 both had serious layoff spikes, but the 2023 spike trailed off to an asymptote that we're still hovering around.
Apparently 20% to be laid off soon.
https://www.reuters.com/business/world-at-work/meta-planning...
reality - companies are choosing to spend money on CAPEX (i.e infrastructure things hoping that they can ride an uncertain wave into the future) and not spend on OPEX (humans)
reality - AI agents are not doing human jobs.
reality - money | debt is now more expensive. hence if you were spending more of it on OPEX stuff you would rather reduce that
reality - more coasting jobs in tech. demand for stuff that still needs to get done is super high - workers just need to get more distributed and not hoarded at the big paying firms
All there is are layoffs because of interest rates and concerns about the economic outlook. Companies using "AI" as a fig leaf justification and people are apparently falling for it.
Calls locked in.