"2024 Tech Layoffs: Big Tech's AI Justification and Future Hiring Trends"

Big Tech companies like Google and Meta are experiencing ongoing job cuts, signaling a potential new normal in the industry. This trend is driven by the pressure to maintain profit margins in a post-zero-interest-rate-policy era, where investors prioritize profits over growth. Additionally, as these tech giants mature, they struggle to find new avenues for significant growth, leading to periodic layoffs despite their substantial profitability.