- Over 90 000 employees have been laid off from the global technology industry in 2025 so far.
- Over 73 percent of all layoffs are taking place in American companies as they embrace AI-powered efficiency.
- Intel will likely be the biggest firer this year, with an expected over 40 000 positions being cut by the end of the year.
I think they are just using AI to put a positive spin on it. They know hard times are ahead and they need to reduce headcounts to preserve cash.
Agree, they usually like to blame the economy, ‘the market, or things perceived as outside their control and avoid taking responsibility.