For much of the AI boom, many companies shied away from attributing job cuts to artificial intelligence for fear of attracting negative headlines. But in recent months, large firms across industries and geographic regions have become more vocal with claims that AI is allowing them to eliminate staff and reduce hiring.
In earnings reports, investor presentations and company memos, executives have been touting efficiency gains from artificial intelligence and framing a shrinking or flat workforce as preparation for an increasingly AI-driven economy. AI has been cited for 48,414 job cuts announced in the U.S. so far this year, according to a recent estimate from outplacement firm Challenger, Gray & Christmas. Of those, 31,039 AI-related job cuts were announced in October alone
therealslimshady1234 on
Its a grift. Its macro economics and psychopathic stock propping that is responsible
tingulz on
And once all jobs are cut they can close down the companies completely because they’ll be nobody left to buy whatever they’re selling.
oshinbruce on
Its a convenient excuse. If you tell everybody your laying off people there needs to be a reason. Reducing the bottom line is actual reason. But reducing staff also reduces your productivity to some extent which looks bad for the future. So now you say your using AI and it will be fine!
logosobscura on
Except there is little to no proof they are actually being replaced by AI (sales data, stalled pilots, now even insurers are like ‘nope’).
But it doesn’t get the kicking in the market that ‘our revenue is flat and I’m cutting our workforce by 30%’ would, so they just claim it.
ebfortin on
I’ll say with an high degree of confidence that most of these has nothing to do with AI. Just classic corporate cuts. But citing AI is both trendy and self fulfilling for these tech firms.
UnpluggedZombie on
this is a lie, either companies arent aware that AI isnt ready just yet or they are using it as a scape goat for layoffs.
dachloe on
It’s just plain old cost cutting at the worker’s expense. AI isn’t taking jobs like they claim.
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From the articleÂ
For much of the AI boom, many companies shied away from attributing job cuts to artificial intelligence for fear of attracting negative headlines. But in recent months, large firms across industries and geographic regions have become more vocal with claims that AI is allowing them to eliminate staff and reduce hiring.
In earnings reports, investor presentations and company memos, executives have been touting efficiency gains from artificial intelligence and framing a shrinking or flat workforce as preparation for an increasingly AI-driven economy. AI has been cited for 48,414 job cuts announced in the U.S. so far this year, according to a recent estimate from outplacement firm Challenger, Gray & Christmas. Of those, 31,039 AI-related job cuts were announced in October alone
Its a grift. Its macro economics and psychopathic stock propping that is responsible
And once all jobs are cut they can close down the companies completely because they’ll be nobody left to buy whatever they’re selling.
Its a convenient excuse. If you tell everybody your laying off people there needs to be a reason. Reducing the bottom line is actual reason. But reducing staff also reduces your productivity to some extent which looks bad for the future. So now you say your using AI and it will be fine!
Except there is little to no proof they are actually being replaced by AI (sales data, stalled pilots, now even insurers are like ‘nope’).
But it doesn’t get the kicking in the market that ‘our revenue is flat and I’m cutting our workforce by 30%’ would, so they just claim it.
I’ll say with an high degree of confidence that most of these has nothing to do with AI. Just classic corporate cuts. But citing AI is both trendy and self fulfilling for these tech firms.
this is a lie, either companies arent aware that AI isnt ready just yet or they are using it as a scape goat for layoffs.
It’s just plain old cost cutting at the worker’s expense. AI isn’t taking jobs like they claim.