AI hiring craze to fuel layoffs in other tech sectors this year

The image of sticky figures displayed on a laptop screen and the binary code displayed on a phone screen are shown in this illustration taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Purzycki/Noor Photo via Getty Images)

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As technology companies prioritize investments in artificial intelligence and embark on a hiring spree, other sectors will likely see layoffs continue into 2024, according to industry experts.

More than 20,000 tech employees have already lost their jobs so far in 2024, according to the tracker Layoffs. For your information.

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