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The technology industry is undergoing one of its most significant workforce transformations in recent years, with layoffs reaching their highest level in two years. According to a report by outplacement firm Challenger, Gray & Christmas, cited by TechCrunch, companies across the sector are eliminating tens of thousands of jobs as they reshape operations around automation and artificial intelligence. Unlike earlier rounds of workforce reductions that were largely linked to inflationary pressures or aggressive hiring during the pandemic era, the current wave is being driven by a different force.