Insight Report 12 minutes PremiumData Dive: Global Tech Layoffs—Cyclical or Structural? John Mercer, Head of Global Research and Managing Director of Data-Driven Research March 7, 2024 What's InsideIs AI (artificial intelligence) taking jobs in the global technology industry? We review data on layoffs in the global technology industry and pose the question of whether workforce reductions are cyclical, due to a slower economic cycle and a reaction to pandemic-era expansion, or structural, amid the rise of AI and generative AI (GenAI). This report is part of our Data Dive series, in which each report offers an essential briefing on topical, need-to-know data. Data in this research report include: Tracked layoff announcements by technology firms, January 2023–February 2024 Companies mentioned in this report include: Adobe, Alphabet/Google, Grammarly, IBM, Microsoft, SAP, Salesforce Other relevant research: All our coverage of GenAI in retail More reports on capital markets Previous reports in the Data Dive series Visit the Coresight Research Retail Technology Hub to explore reports, data and competitive landscapes on technology. The Coresight Research Corporate and Financial Developments Databank Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Three Things You Need To Know: Temu—What Do Consumers Actually Think?What Did We Learn from Legends of Commerce: Content & Cocktails?CES 2023: Metaverse Highlights—Exploring Key Innovations in Augmented Reality, Artificial Intelligence and Immersive TechnologiesHead-to-Head in US Warehouse Club Retailing: Costco vs. Sam’s Club
