Are tech job cuts a sign of what's ahead for other sectors as AI grows?
The rise of AI is reshaping the tech landscape and major companies are shifting their focus and restructuring their teams. In an article from The Hill, Columbia Business School Associate Professor Daniel Keum weighs in on why big tech is laying off thousands of workers despite a strong overall job market. Keum says that tech firms are prioritizing AI development and it’s leading to job cuts in areas not directly tied to this emerging technology.
As tech companies experiment with AI integration, they are repositioning their workforces and letting go of roles that don’t align with their new AI-driven goals. This shift reflects the industry's need to stay competitive in a market that’s constantly evolving.
Read the full article to learn how AI is driving big changes in hiring and firing decisions and signaling a reorientation that could extend beyond the tech world.
Mentioned Faculty
Daniel Keum
Daniel (Dongil) Keum is an Associate Professor of Management at Columbia Business School. His research interests lie in innovation, organizational structure, labor market policy, and their application to public policy formation. He holds a PhD from NYU Stern School of Business and an AB with high honors in economics and mathematics from Dartmouth College. Prior to pursuing a career in academia, Daniel worked at McKinsey & Company for four years. His primary industry experience is in retail, fashion, and corporate portfolio restructuring.