IBM Is Laying Off Thousands of Employees
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If AI proves inefficient, will companies need to rehire the talent they let go? Amid a flurry of tech industry layoffs, Amazon’s recent culling of some 14,000 staff stands out for one dramatic reason: It was blamed,
Amazon announced a reorganization that will result in the elimination of 14,000 jobs — and said AI is a leading cause.
The U.S. labor market is flashing red across the board. While official government data remains paused due to the government shutdown, private-sector reports are sending an unmistakable signal: layoffs are soaring,
Today, U.S. Senators Josh Hawley (R-Mo.) and Mark Warner (D-Va.) announced their AI -Related Job Impacts Clarity Act. The bill would require major companies and federal agencies to disclose all AI-related layoffs to the Department of Labor for a public report.
A new report from Forrester suggests that many companies that have been cutting workers in the name of AI are likely to face a backlash, according to The Register.
1don MSN
LISTEN: AI Drives Big Tech Layoff Bloodbath; Indie Streamer Dropout Raises Price and Fans Cheer
On today's 'Daily Variety,' AI collides with Big Tech jobs as layoff notices fly; indie streamer Dropout raises its price -- and fans don't complain.
The AI-related layoffs at Amazon and some other firms reflect a "hollowing out of middle-skilled workers," Lynn Wu, a professor of operations, information and decisions at the University of Pennsylvania, told ABC News.
4hon MSN
Goldman Sachs CEO David Solomon on AI layoffs: We will find new jobs, I don't believe that ...
Goldman Sachs CEO David Solomon believes AI won't cause widespread job losses, citing historical economic adaptability. While acknowledging disruption and potential white-collar job shifts, he anticipates new roles emerging.