Big Tech Layoff Headlines Mask Once-in-a-Generation AI Transformation

Big Tech is Larger, More Profitable, and Spending More Than Ever
Big Tech Layoff Headlines Mask Once-in-a-Generation AI Transformation
Amazon employees and supporters gather during a walk-out protest against layoffs, a return-to-office mandate, and the company's environmental impact, outside Amazon headquarters in Seattle, Washington, on May 31, 2023. Jason Redmond/AFP via Getty Images
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Commentary

Last week, Microsoft and Meta both announced significant reductions in force. Big Tech layoffs—sometimes tens of thousands of employees at once—make for attention-grabbing news. They portend imminent doom: human displacement driven by artificial intelligence (AI).

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Michael Wilkerson
Michael Wilkerson
Author
Michael Wilkerson is a strategic adviser, investor, and author. He’s the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).
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