Only weeks into the new year, more than 300 tech companies have already reported staff cuts, resulting in about 103,000 laid off employees, according to Layoffs.fyi.
But against the backdrop of Silicon Valley layoffs another, almost louder trend has emerged: the AI race between tech giants to release the next advanced large language model and next human-like chatbot. It’s no surprise then that AI teams have been mostly spared from some of Big Tech’s layoffs.