What's Inside

Is 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