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AI Boom, Jobs Bust: Are Tech Giants Replacing Workers With AI? | Vantage on Firstpost

Firstpost30 Oct 2026

Tech giants Microsoft and Amazon are investing billions in AI while layoffs raise concerns about the future of work. Innodata reportedly laid off over 500 employees in India, with workers also reportedly affected in the Philippines. Meanwhile, Amazon continues workforce cuts amid massive AI spending, Microsoft has offered voluntary buyouts, and the Netherlands is considering civil service reductions linked to AI-driven efficiency. As companies and governments pursue productivity gains, a…