Tech’s job cuts give little hope for return to rapid growth

Worker anxiety is particularly acute in creative jobs that may be affected by the proliferation of generative artificial intelligence, which can reduce the amount of labour needed to write or produce video. — Photo by Marvin Meyer on Unsplash

The new year has kicked off for the tech industry with several companies announcing significant job cuts. It’s reminiscent of how 2023 began, which preceded the sharpest industry retraction in more than a decade.

Amazon.com Inc is cutting hundreds of workers across content-creation units, including Prime Video and livestreaming site Twitch. Unity Software Inc the maker of technology that underpins popular mobile games like Pokemon Go, said it would reduce its workforce by 25%, eliminating about 1,800 jobs.