Tech layoffs hit 5-year high
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What is the main topic discussed in this episode?
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My listeners get 62% off WebRoot Essentials at webroot.com slash kim. Get the number one ranked antivirus protection for just $19 a year right now at Webroot.com slash Kim. Webroot.com slash Kim. Go now while you're thinking about it. Webroot.com slash Kim. We're only a quarter of the way through the year, and I've spent a lot of time talking about tech-related layoffs and whether they're connected to AI or the economy. Today, the answer is clear. Tech-related job layoffs are the worst in five years. And now there's no question, AI is behind it. While it's happening at major companies like Citibank, Amazon, and Dell, a look at Meta and Oracle gives us the best picture. Both are laying off thousands globally.
But at the same time, they're spending like crazy on cloud and AI projects. In the crosshairs are techs, sales, recruiting, and mid-level management. Goldman Sachs estimates that AI investments account for 5,000 to 10,000 technical job losses each month. Your head's on the block unless you pivot and learn how to use AI. That's why you need my free AI newsletter. Sign up at splashofai.com. Next up, a call for my weekend show, the Kim Commando Show. Enjoy. You know that glow that you see on people who just seem to radiate health. It's not just great lighting. It's what's happening inside their body. And one of the best kept secrets to looking and feeling amazing is collagen. You see, as we age, our bodies naturally produce less collagen, which can lead to wrinkles, thinning hair, brittle nails, and just feeling less flexible than we used to.
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This product is not intended to diagnose, treat, cure, or prevent any disease. Individual results may vary. Cortez in Virginia Beach, welcome aboard. What's going on?
Hey, how's it going, Kim?
Great. What's happening?
Not much. Just out here about doing my daily rounds. I do Medicaid transportation. So I'm out here taking the good people of Virginia Beach to their appointments and things like that.
Oh, that's nice of you. That's nice of you. So what's on your mind? How can we lend a hand?
So I was actually in a car accident a couple weeks ago, and that put me out of work for a couple weeks. So I got into the show. My dad put me onto it. He's been listening since the 90s on the desktop. So he finally put me onto it, and I saw that you had a side hustle section, and I was looking for a side hustle, something that I can do.
Well, what are you looking to do? What do you like to do?
What don't I do? I do a little bit of everything.
What are the latest trends in tech layoffs?
I'm a veterinary assistant, so I do dog grooming, things like that.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–3:50
2
What are the latest trends in tech layoffs?
3:50–4:30
3
How is AI influencing job cuts in major companies?
4:30–5:54
4
Which industries are most affected by tech layoffs?
5:54–6:20
5
What steps can you take to adapt to the changing job market?
6:20–6:46
6
How can you pivot your skills to remain relevant in tech?
6:46–9:04