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500k tech workers have been laid off since ChatGPT was released (anildash.com)
7 points by headalgorithm 167 days ago
2 comments

They were laid for to optimize profits, replacement by offshore workers, and the aspirational promise of generative AI. Value discovery remains to be seen.

Artificial Intelligence and the Labor Market [pdf] - https://news.ycombinator.com/item?id=43235781 - March 2025 (2 comments)

HN Search: offshoring - https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...

https://layoffs.fyi/

AI layoffs are looking more and more like corporate fiction that's masking dark - https://news.ycombinator.com/item?id=46607454 - January 2026
500k tech workers have been laid off since accounting for expenses under Section 174 changed on January 1, 2022.
I think that excuse goes in the same bucket as "It was a Zero Interest Rate Phenomenon."