AP
AI-Related-Layoffs
FILE - People attend a showcase event of the company's AI assistant, Copilot, ahead of the annual Build developer conference at Microsoft headquarters, Monday, May 20, 2024, in Redmond, Wash.
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The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans. Yet in many cases it means repurposing money once spent on workers so that more capital can be devoted to boosting AI capabilities. Among the companies that have announced job cuts this year tied in some way to AI spending are Barclays, Meta, Snap, Block, Coinbase, Pinterest, Standard Chartered and Microsoft.
