Beware the AI-fuelled austerity drive

Every business that’s seeking to become AI-centric is having to jettison lower-performing employees and projects. (Image: Getty)

Big Tech is in layoff mode. While the latest wave of redundancies at Meta, Microsoft and others reflects a broader post-pandemic correction, artificial intelligence is a major influencing factor. Big tech leaders keep talking up AI's ability to replace swathes of workers. But the reality is that the technology has not led to a collapse in the software developer workforce, where its effects are being most immediately felt. Developers are now typically handing off 30-45% of their coding tasks to AI agents, thereby speeding up develo...