Rusthum

The story behind big layoffs like Microsoft, Oracle etc is that - All big companies are investing heavily on AI. For example in my company they're keeping a budget of $4000 per month per Engineer for AI models so that Engineers can use it and deliver work faster and with better quality. That's $48k per year spent on AI models and infra to support a single Engineer, if you convert it into INR, that's almost 45L Rupees per year, that means company is paying atleast 2 mid level Engineer's salary to AI models. Now whether the AI will be able to do work of 2 additional Engineers or not that time will tell but Companies can't keep paying to Engineers and AI both, so they're laying off massively. If AI delivers it will be great if they don't, the world won't be same again.