Tech Industry Layoffs: Where Are the Workers Now?

American tech firms have announced 118,000 sackings so far this year, adding to the 140,000 jobs cut last year. The recent layoffs have been widespread and deep enough to warrant two questions: who is getting the chop, and where are the laid-off workers going? Techies themselves have been mostly spared, and the axe has fallen mainly on business functions like sales and recruitment. Some of the laid-off techies are helping fuel a new generation of startups, while others are being hired by industries like industrial goods, carmakers, banks, health insurers, and retailers. Excitement is particularly strong in the buzzy field of "generative" artificial intelligence, which uses complex algorithms and oodles of data to produce everything from essays to artworks.