Both Meta & Microsoft have said they're shedding staff explicitly to free up cash flow to invest in AI;

on one level this is unemployment linked to technology, but its a bit different from *actual* technological unemployment - the latter sees people losing jobs due to the deployment of technology to do their jobs. Microsoft & Meta on the other hand are sacking people to take a (bigger) punt on a business strategy that is yet to prove its transformation of productivity.

#AI #workers
h/t FT