For a long time I do not see any person online that says the work in FAANG+Microsoft is very little. So there is work to do, then there is a need of people to do it, and AI is not helping enough.

I sincerely believe the economic uncertainty is the one to cause these situations since tech is very high off the luxury ladder. Like you will always need somebody to build a house but if you are in warfare AI assisted vscode forks can wait, and this might put some stress on the companies. And again, because if they will state this their stock prices will be nuked, they are just saying that "AI" is the cause, that they are doing automation so good they don't need workers!..

While the reason is simply we might not be in a really good time for a thing like consumer tech to shine and see a bright future ahead of it.

Major technology companies have eliminated more than 180,000 positions in 2025, marking one of the most significant workforce reductions in the industry's history as companies pivot toward artificial intelligence and automation. The cuts, which have accelerated through November, are affecting roles from middle management to customer support across Microsoft, Amazon, Google, Intel, and other tech giants.

The layoffs represent a shift from traditional cost-cutting to a fundamental restructuring of how tech companies operate. In November alone, Verizon announced plans to cut more than 13,000 employees, while HP disclosed it may eliminate between 4,000 and 6,000 jobs by 2028. Apple trimmed sales positions managing business, education, and government accounts, and Amazon cut approximately 14,000 corporate workers in October, including more than 1,800 engineers.

This doesn't mean AI will take over jobs, I just means AI will more jobs that require physical human interaction in fields like agriculture, plumbing, welding, waste collection etc which will be a goldmine.