Tech layoffs are at their worst since 2023, and AI is a big reason

Julien Bek, a partner at Sequoia Capital, said a lot of founders are worried if the latest AI advancement will destory their company.

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• Challenger, Gray & Christmas said tech layoffs are rising and are likely to keep happening.
• The outplacement firm said that in tech, AI is replacing jobs.
• Elsewhere, Challenger said AI "is costing jobs" even if it can't yet fully replace workers.

AI-driven job displacement is real, and it's wreaking havoc in tech.