The recent tech industry layoffs affecting over 23,670 employees across 85 companies are strategic rather than economically driven.

Major companies like Microsoft and Amazon are reducing workforce numbers to pivot investments towards artificial intelligence (AI).

The transition acknowledges the plateau of the smartphone era and anticipates growth in the AI sector.

Despite layoffs, high tech stock prices and a low unemployment rate suggest investor confidence in the industry's reorientation.

The industry may be experiencing a natural cycle, with AI investments expected to lead to cost savings and economic expansion, despite initial job losses.

There is rising concern regarding AI's impact on job security and the future of work in the tech sector, especially for skilled professionals.