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Tech Layoffs Continue as Industry Resets for AI

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human and AI faces, illustration

Some see the benefits of using AI to replace or aid jobs usually done by humans.

Credit: Getty Images

The drumbeat of job cuts in the tech industry continued on Tuesday (February 6) when DocuSign became the latest company to announce layoffs this year, as Silicon Valley keeps a grip on costs while pouring more cash into artificial intelligence. 

DocuSign said it would cut about 6% of its workforce, or 400 jobs.

Since cutting tens of thousands of workers in late 2022 and early last year, the tech industry has extended its belt-tightening after years of growth with little restraint. Companies have emerged from the tech downturn with a new focus on profitability. And the AI excitement that has been a boon to the tech industry is also leading companies to shift resources away from other efforts and, in some cases, increase automation in their own workforces.

Management experts say the barrage of tech layoffs largely reflects new efforts by companies to operate leaner and more efficiently. Companies expect new artificial-intelligence tools to help them achieve those goals, albeit slowly, as they are still trying to determine which jobs those technologies can replace or minimize.

From The Wall Street Journal
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