According to a report by Goldman Sachs strategist Pierfrancesco Mei, tech workers affected by layoffs due to artificial intelligence (AI) are experiencing longer job searches and reduced earnings. On average, these workers take one month longer to secure new employment compared to those in more stable industries. Furthermore, when they do find new roles, they typically face a real earnings drop of over 3%. This trend is attributed to 'occupational downgrading,' where displaced workers are forced into positions requiring fewer analytical and interpersonal skills. Major companies such as Oracle, which cut up to 30,000 jobs across the U.S. and Mexico, and Meta, are leading these layoffs as they adopt AI technologies that automate various tasks. In the first three months of 2026, over 52,000 tech workers in the U.S. lost their jobs, highlighting the widespread impact of this shift. Industry leaders acknowledge that while AI may enhance certain roles, it is simultaneously leading to significant job losses.