India, March 3 -- Big Tech firms are firing employees. This is because of various factors. Economic difficulties, new technology, and corporate restructuring are major factors of these continuous layoffs. Firms increased employees very fast during the pandemic. Things are not the same for now. Now companies are reducing employees as demand falters. Increasing inflation and higher interest rates have also forced corporations to manage costs. The easiest way to cut costs is through rigorous layoffs. Moreover, the increasing application of AI is substituting for particular jobs. This is resulting in employee reductions in customer service and marketing. Even if AI cannot take over completely, it has taken away a lot of jobs. Investors are pu...
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