Tech layoffs are running higher this year than last, which is bad news for tech workers as AI takes over more of the work.

• More jobs have been cut in tech this year than in all of last year.
• The reason is AI doing tasks that used to need people, at least for now.
• Some venture capitalists claim AI creates jobs, but that mostly holds decades out, not today.
• In the short term, new technology usually wipes out jobs before it makes new ones.

Outlook: Expect tech hiring to stay weak and layoffs to continue as companies lean harder on AI.