A number of Big Tech companies have laid off staff this year, including Google, Tesla, Apple, and dozens more.
Ironically, companies haven't been slowing down on innovation, with many releasing a constant stream of AI updates and product launches.
Mark Zuckerberg shared his theory on the first round of industry-wide layoffs in an interview with "Morning Brew Daily" in February.
AdvertisementSalesforce CEO and cofounder Mark Benioff also relayed the same sentiment in a letter to employees announcing layoffs in 2023.
But for the moment, tech companies don't seem to be slowing down on AI advancement.
Persons:
—, Mark Zuckerberg, Jason Citron, Sundar Pichai, Mark Benioff, Zuckerberg, Emily Chang, Wayfair's cofounders, Niraj Shah, Steve Conine, Jobs, Satya Nadella, Arvind Krishna, Drew Houston
Organizations:
Service, Big Tech, Google, Apple, Business, Bloomberg, ARM, IBM, Dropbox
Locations:
Zuckerberg's