By Paul Ormerod There’s no need to panic about cutbacks and uncertainty around AI, capitalism is all about change and innovation, says Paul Ormerod The Greek god Chronos, known as Saturn to the Romans, was notorious for eating his own children. Something similar seems to be going on within the tech industry. Tech giants such as Google, Microsoft and Meta have carried out substantial job reductions. Google are apparently preparing for a second round. Forbes magazine estimates that 34,000 jobs have been lost in tech in the first two months of this year alone. By a delicious irony, a key driver o…