Tech’s Layoff Wave Is a Hiring Problem Wearing an AI Costume

Three years ago, Microsoft paid $75bn for Activision Blizzard, betting on gaming as a growth engine. This month it axed 4,800 roles, most of them in the Xbox unit built on that bet, resetting the business it had only just acquired. Executives across the sector will tell you artificial intelligence is finally doing the job of cutting. Nearly 140,000 US

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