Tech companies shed more than 386,000 jobs last year and in the first half of this year, according to Layoffs.fyi.
But while layoffs have taxed workers, a booming artificial intelligence market is giving the industry a renewed sense of optimism.
"I have been in San Francisco for almost 12 years now and I have never felt this kind of energy," said Flo Crivello, CEO of AI startup Lindy.
Generative AI startup deals announced or finalized In the first quarter of this year totaled more than $12 billion, compared to about $4.5 billion invested in the space all of last year, according to PitchBook.
So how have layoffs impacted tech workers and what will the AI boom mean for their future?
Persons:
Flo Crivello, Crivello, it's
Organizations:
Microsoft
Locations:
San Francisco