Major tech company Microsoft has laid off 6,000 jobs in product management and software engineering, sparking concerns that the growing use of artificial intelligence is replacing human workers. Despite this, the tech industry is experiencing a boom, driven by AI-driven innovations. This trend highlights the challenges companies face as they navigate an economic uncertainty backdrop while trying to stay ahead in the rapidly changing tech landscape.
Source: https://www.bloomberg.com/news/articles/2025-05-17/microsoft-layoffs-highlight-ai-driven-hiring-pauses