Around 3,900 people have reportedly lost their jobs in the US as a result of artificial intelligence (AI) developments, with employers citing the technology as the reason for roughly 4.9% of May’s job cuts. This is according to a monthly report from Challenger, Gray & Christmas, which also found business closures to be the chief cause of May’s layoffs. The report suggests that AI has caused panic amongst workers, as more companies look to utilise automation technology. However, a separate report from the World Economic Forum found that 50% of companies feel AI could create new jobs.
US Job Market Hit by Massive AI Cutbacks in One Month
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Samsung Unpacked Event Teases Exciting AI Features for Galaxy Z Fold 6 and More
Discover the latest AI features for Galaxy Z Fold 6 and more at Samsung's Unpacked event on July 10. Stay tuned for exciting updates!
Revolutionizing Ophthalmology: Quantum Computing’s Impact on Eye Health
Explore how quantum computing is changing ophthalmology with faster information processing and better treatment options.
Are You Missing Out on Nvidia? You May Already Be a Millionaire!
Don't miss out on Nvidia's AI stock potential - could turn $25,000 into $1 million! Dive into tech investments for huge returns!
Revolutionizing Business Growth Through AI & Machine Learning
Revolutionize your business growth with AI & Machine Learning. Learn six ways to use ML in your startup and drive success.