00:00have you noticed something strange about tech layoffs lately some of the richest
00:04tech companies in the world are cutting thousands of jobs and blaming ai at companies like google
00:10amazon meta platforms pinterest and atlassian executives are saying artificial intelligence
00:16is changing how work gets done the most dramatic move came from jack dorsey at block he announced
00:23the company would cut more than 4 000 jobs about 40 of its workforce his message was simple
00:30with powerful ai tools smaller teams can now do more work than ever before but here's the twist
00:36many of these same companies are reporting record revenues while spending billions on ai
00:41infrastructure at meta platforms ceo mark zuckerberg said 2026 will dramatically change how we work
00:48because of ai at the same time meta plans to invest over a hundred billion in ai systems
00:55some experts believe ai really is boosting productivity studies show ai now generates
01:01nearly half of the code for some developers but critics say the story might be simpler
01:06layoffs may not be caused by ai they may be paying for it and with 45 000 tech jobs already
01:13gone this
01:14year one question remains is ai replacing workers or just becoming the perfect excuse to cut them
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