Tech Layoffs: AI Scapegoat or Efficiency Play?

The 2023 tech layoff wave has seen many companies blame AI. However, the reality is more nuanced. An Indeed report reveals a decline in tech job postings, but this isn't solely due to AI; the end of pandemic-era hiring binges also played a significant role. Some companies frame layoffs as strategic shifts towards AI and efficiency, aiming to appease Wall Street. Yet, AI's impact isn't entirely negative; it may displace some jobs but also create new ones. Currently, entry-level positions are most affected, while experienced AI specialists remain in high demand. The long-term effects of AI on the job market require further observation.