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In this insightful video, "Recession, Layoffs and Beyond in 2024 | Job Market in 2024 | Is AI Killing Jobs? | Simplilearn," we delve into the pressing economic challenges of the year 2024. As global markets grapple with recessionary pressures, we explore the widespread layoffs affecting numerous industries and their impact on the job market. With technological advancements accelerating, artificial intelligence (AI) is increasingly influencing employment landscapes. We address critical questions such as whether AI is contributing to job displacement and how workers can adapt to the changing dynamics. Simplilearn brings you an indepth analysis, expert opinions, and actionable strategies to navigate the uncertainties of the job market in 2024. Don't miss out on this comprehensive guide to understanding the current economic climate and preparing for the future of work.

✅Are layoffs happening in India in 2024?
Yes, layoffs are happening in India in 2024. The tech industry has seen significant job cuts, with companies like Flipkart, Swiggy, Byju's, and others laying off thousands of employees. These layoffs are part of broader restructuring efforts and costcutting measures across the sector.

✅Will the job market get better in 2024 in India?
The job market in India is expected to improve in 2024, particularly in the IT sector, with increased hiring driven by digitization, investor funding, and emerging technologies like AI/ML. Startups and tech firms are optimistic about job growth, indicating a promising year for job seekers.

✅Is the US job market in recession?
The US job market faces potential recessionary pressures in 2024. The Congressional Budget Office projects unemployment to rise from 3.9% to 4.4%, leading to significant job losses due to weaker consumer spending and investment, despite some positive economic indicators​.

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