The global workforce industry is undergoing a profound transformation, driven by artificial intelligence (AI). Companies are adopting AI tools to automate business operations, improve efficiency, and cut costs. But this progress is coming at a price. And here, the cost is being paid by the human workforce. Companies like Accenture, TCS, Microsoft, Intel and more are laying off employees across the globe.
In tech alone, according to Layoffs.fyi, as of September 2025, 204 tech companies have laid off 89,964 employees worldwide. This rising count of job cuts is adding to the growing anxiety within the sector as AI reshapes and takes over roles once performed by humans.
Let’s take a detailed look at how AI is changing the industry — and why the push towards job cuts doesn’t seem to be slowin