Rise of AI contributes to tech jobs being slashed by 25 percent [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
That's a 24 percent increase over March 2025, according to Challenger, Gray & Christmas Inc. data reported by Bloomberg Overall, more than 52,000 tech jobs have been cut this year, making it the most number of jobs cut in the first quarter of the year since 2023. Outside of tech, U.S. employers in other industries announced that 60,620 jobs were cut in March, which is a 25 percent increase over February. A quarter of the layoff announcements claimed staff reductions were the result of AI adoption. AI leaders, tech analysts, and CEOs have warned that AI may lead to significant job losses , especially in white-collar sectors. Amazon, Meta, Oracle, and Block — a fintech company led by Twitter founder Jack Dorsey — have already laid off workers and justified the cuts by pointing to AI. More than 52,000 tech jobs have been cut this year, with at least a quarter of the layoff announcements citing an increasing reliance on AI for the reductions (Getty Images/iStockphoto) In 2024,
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