AI Job Cuts on the Rise
Job cuts due to AI in the tech sector may reach 400,000 this year, yet this represents a small percentage of the global workforce.
Companies like Amazon.com are downsizing due to AI and automation, eliminating thousands of jobs. However, the number of jobs lost to AI is still minimal compared to the global workforce.
Alan Cohen, a data analyst at RationalFX, estimates that over 202,000 people have been laid off in the technology industry so far this year, with projected job losses of over 244,000 roles for the full year.
Even if AI-related job cuts reach 1 million this year, this would only account for 0.3% of the global workforce of 3.63 billion people, according to World Bank figures.
Author's summary: AI job cuts are rising but remain a tiny fraction of the global workforce.
More News
- Wemby’s Evolution Is Scary: Spurs Phenom Dominates Again, Leaves Heat Defenders Helpless
- A.J. Brown, other injured Eagles have a crucial 15 days to recover thanks to bye week
- Bam Adebayo's evolution into 'three-level scorer' starts with Heat's new offense
- Flyers flying under the radar — and deserve a packed house again | NorthPennNow
- 'Love Island's' Huda Mustafa Apologizes After Laughing At Racist Slur Hurled Towards Olandria Carthen
- California can’t get out of its own way on geothermal
- Why Ryan Rollins loved Draymond Green coming for him after Stephen Curry incident
- Georgia Southern to host 4th annual Veterans Appreciation Golf Scramble on November 14
- TOYO selected for coaxial closed-loop geothermal feasibility study in Japan
- Choose New Jersey President and CEO Mathews to Join PSEG