Tech Giants’ Layoffs Despite Profits: Impact on Economy

Tech giants like Microsoft, Google, and Amazon are leading the surge in corporate layoffs, with over 30,000 employees affected. The job cuts are attributed to cost-cutting measures, advancements in automation and AI, and the need for companies to adapt to changing economic and technological landscapes. The impact extends beyond the tech sector, with the media industry also experiencing setbacks. This situation highlights the need for adaptability and strategic reevaluation in both workers and corporations.