Tag: Jobs

No One Actually Knows How AI Will Affect Jobs

In a recent discussion with Mary Daly, the CEO of the Federal Reserve Bank of San Francisco and a qualified labor market economist, insights into the intersection of artificial intelligence (AI) and the workforce were unveiled. Daly highlighted the diverse ways in which businesses are approaching the integration of generative AI technology. While some companies […]

AI will shrink workforces within five years, say company execs

A recent global survey of 2,000 C-suite executives conducted by Swiss staffing firm Adecco Group and Oxford Economics revealed that 41% of respondents anticipate a reduction in their workforce due to the implementation of artificial intelligence technology over the next five years. The poll covered executives from 18 different industries and nine countries, reflecting the […]

Jon Stewart Skewers AI Industry for Salivating Over Replacing Jobs

Comedian Jon Stewart delivered a scathing critique on the rise of AI in an episode of “The Daily Show,” calling out tech CEOs for overselling the benefits of AI while neglecting its impact on the human workforce. Stewart accused AI industry leaders of making false promises about solving grand challenges like climate change and disease […]

Indeed announces AI-powered work experience writer and support for multiple resumes

Indeed has unveiled a revamped profile page with enhanced AI-powered features to improve user experience and better compete with industry rivals. The platform now offers an AI-driven writer to assist users in crafting detailed work descriptions and the ability to save up to five resumes for tailored job applications across various roles.   In a […]

Tech giants hatch a plan for AI job losses: Reskill 95 million in 10 years

Tech giants including Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP have joined forces in a new consortium to address the repercussions of job losses due to artificial intelligence (AI) adoption. This initiative, named the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium, aims to assist individuals who have been or will be displaced […]

‘We Won’t Need Sara’: Actress Learns She’s Been Replaced by AI

Stage and voice actress Sara Poyzer recently revealed that she was abruptly replaced by artificial intelligence, according to a message she shared on social media. The email from an unnamed production company informed Poyzer that the BBC had approved the use of an AI-generated voice, rendering her voice services unnecessary.   Poyzer received an outpouring […]

1.5M UK jobs now at risk from AI, report finds

A new report by the Institute for Public Policy Research (IPPR) reveals that 11% of job tasks in the UK are at risk of AI replacement, potentially leading to the loss of 1.5 million jobs without any GDP gains. The impact of AI is most prominent in routine cognitive tasks like database management and organizational […]

AI-powered robotics will fuel jobs disruptions in ways we don’t realize

The automation revolution looms as advancements in AI and robotics continue to accelerate, sparking both excitement and concern about the future of work and daily life. A recent demo by Aescape in Manhattan, showcasing robotic arms for massages, highlights the potential impact on industries like massage therapy. While the prospect of automation threatening jobs is […]

Turnitin laid off staff earlier this year, after CEO forecast AI would allow it to cut headcount

Turnitin, a leading plagiarism detection company, has confirmed a recent round of layoffs, underscoring CEO Chris Caren’s prediction that AI advancements would eventually lead to reducing their workforce by 20%. Although the actual number of layoffs was around 15 employees, a far cry from the forecasted percentage due to the company’s size – boasting over […]

Tyler Perry is so shocked by OpenAI’s video generator Sora that he’s pausing an $800 million studio expansion

Tyler Perry, the TV and movie mogul, has put an $800 million expansion of his Atlanta studio complex on hold after witnessing the capabilities of OpenAI’s video-generator tool, Sora. He expressed concern over the potential impact of the AI tool on the entertainment industry, fearing job losses across various roles including actors, crew members, and […]

AI influences decline in freelance writing and service jobs, study finds

A recent study analyzing the freelance work market revealed a significant decrease in writing, translation, and customer service jobs, with writing positions seeing a 33% drop. Conversely, the demand for video editing, graphic design, and web development surged, with video production roles experiencing a 39% increase. Graphic design jobs also saw an 8% rise, while […]

Microsoft, eBay, PayPal among tech giants 34,000 job cuts due to AI

Tech giants like Microsoft, eBay, and PayPal are swinging the axe as they pivot towards artificial intelligence, shedding thousands of jobs. The Financial Times reports a staggering 34,000 job cuts in recent weeks.   Snapchat joined 138 other firms in a synchronized employment exodus. While this year’s headcount hemorrhage is nothing to sneeze at, it […]

Grammarly lays off 230 employees as part of a ‘business restructuring’

Grammarly, the safeguard of grammatical gaffes, is making bold moves by trimming its workforce globally. Positioned as a pivot towards the AI-driven future workplace, Grammarly hopes to position itself strategically amidst industry flux and global quakes. CEO Roy-Chowdhury claimed the layoffs are a skillset shuffle, not a penny-pinching parade, reassuring a financially fit stance.

Tech Layoffs Not Tied to Economic Struggles, but AI Investments

Tech layoffs are a strategic move by companies to realign priorities and invest in AI, rather than a sign of economic struggles.   Despite recent layoffs, tech stocks are at all-time highs and the unemployment rate remains low, reflecting investor confidence in these strategic moves.   Investments in AI are central to the tech industry’s […]

AI won’t replace your job yet because it’s still too expensive, according to MIT

Artificial intelligence (AI) developments are advancing rapidly, causing concerns about job security, but a new MIT study suggests that the cost of deploying AI technology currently makes it more economical for employers to retain human workers for visual tasks.   The MIT study, “Beyond AI Exposure,” considers the overlooked factor of cost when assessing AI’s […]

New MIT CSAIL study suggests that AI won’t steal as many jobs expected

In a world where artificial intelligence (AI) is widely regarded as a potential threat to human jobs, a recent study by MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) challenges this narrative. The study suggests that the majority of jobs previously identified as at risk of AI displacement are not economically beneficial to automate, at […]

The tech sector is pouring billions of dollars into AI. But it keeps laying off humans

The tech industry has seen a surge in job cuts while simultaneously doubling down on investments in artificial intelligence (AI). While not all job cuts are directly linked to AI, many companies have cited AI as a reason for restructuring their workforces. Major tech firms like Google, Amazon, Discord, and Unity Software have announced significant […]

Sam Altman Stumped When Asked What Humans Will Do Better Than AI

In a thought-provoking discussion at the World Economic Forum in Davos, CNN journalist Fareed Zakaria challenged OpenAI CEO Sam Altman to define the core competence of human beings in the face of advancing artificial intelligence.   Altman’s vague response failed to convincingly delineate human uniqueness from AI capabilities, particularly in terms of emotional intelligence and […]



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