2022 tech layoffs surpass 100,000 due to AI, with companies like Intuit, UiPath, and OpenText cutting jobs while hiring AI-skilled employees.

Artificial Intelligence (AI) has contributed to tech layoffs surpassing 100,000 in 2022, with Intuit, UiPath, and OpenText among companies making cuts. Despite replacing workers with AI, these firms are also hiring new employees skilled in AI and related fields. The 2024 Economic Report of the President indicates approximately 20% of the workforce is at high exposure to AI-related job displacement.

July 14, 2024
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