US Tech Firms Ramp Up AI Spending While Cutting Jobs Over Two Years

US technology companies are increasing spending on artificial intelligence. At the same time, they have reduced their workforce more than any other sector in nearly two years. The trend reflects a shift toward automation and AI-driven processes. Companies cite cost efficiencies and competitive pressure as drivers. Job cuts have affected a broad range of roles across the industry. Analysts note that AI investment may reshape future hiring patterns. The Economic Times reported the data in a recent analysis. Observers will monitor how the balance between spending and layoffs evolves.