Reported about 1 month ago
The integration of AI technology into the workforce is raising concerns about substantial job losses, with reported job cuts due to AI reaching around 7,000 in 2024, compared to 4,247 in 2023. Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc., explains that companies are not only replacing some jobs with AI but are also closing product lines and reducing headcounts in certain departments to focus on AI-related roles. The discussion around AI's influence on employment remains contentious.
Source: YAHOO