News Summary

• Amazon, Meta and Block have all announced major reductions as they embrace AI.
• Challenger, Gray & Christmas attributed 7% of u.s. layoffs announced in January to AI.
• The same technology that helps a large corporation accomplish more with fewer employees can help a one-person venture tackle tasks that once required an entire team.
• A layoff can make years, or even decades, spent building a career at one company feel devalued.
• For a would-be entrepreneur, however, that hard-won experience may be the most valuable asset.