In the tech industry, 'Loss of Contract' can very well mean 'no longer hiring other people and we have my cousin Jim doing everything with ChatGPT now'
RENMAC: “.. While there is quite a bit of attention on AI driving layoffs, most of the reasons cited in this data set are about ‘closing,’ ‘economic conditions,’ ‘restructuring,’ and ‘loss of contract.’ AI is a comparatively small factor behind the January jump in layoff news.”
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