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Silicon Valley Layoff Wave: Bolstering "AI" with Workforce Cuts

$Salesforce(CRM.US)$ and $Microsoft(MSFT.US)$ Layoffs: Talent Structure Adjustments
Salesforce announces layoffs of approximately 700 employees, while Microsoft's gaming division plans to cut 1,900 jobs, with Blizzard's team taking the brunt.
The layoffs stem from talent structure adjustments aimed at optimizing capital expenditure and focusing on growth areas.

AI Wave Driving Layoff Surge
- Silicon Valley giants, including Google, Apple, and Amazon, are trimming their workforce to concentrate more on strategic areas like AI.
- Over 80 tech companies have announced layoff plans, affecting over 20,000 employees.
Silicon Valley Layoff Wave: Bolstering "AI" with Workforce Cuts

Simultaneous AI Talent Demand and Workforce Reductions
- Intense competition propels AI transformation, but its high costs lead to the trimming of peripheral business sectors.
- Tech firms are simultaneously laying off and posting AI-related job openings, such as Google Cloud and Search divisions.
- To retain AI talent, companies are ramping up incentives, establishing special incentive pools, and offering substantial rewards to top AI researchers.
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