Job displacement

Business Insider’s AI Gamble: 21% Layoffs and a Future of Bot-Written Articles

Business Insider’s recent announcement of going “all-in” on AI, coupled with a 21% staff reduction, has sparked considerable discussion. The move isn’t entirely surprising, given the perception that the publication’s content already leaned heavily on low-effort articles; many believe AI could easily replicate, if not improve upon, this existing quality.

This decision, however, raises concerns about short-sightedness. The history of similar corporate strategies suggests a potential cycle of layoffs followed by re-hiring, as companies grapple with the unexpected complexities of replacing human expertise with AI. The sheer volume of work involved in transitioning to AI-driven content creation may necessitate more staff, rather than fewer, in the short term.… Continue reading

AI Job Cuts: 41% of Companies Plan Workforce Reductions by 2030

A World Economic Forum survey reveals that 41% of employers plan to reduce their workforce due to AI-driven automation. Simultaneously, 77% intend to reskill and upskill employees to collaborate effectively with AI by 2030. The report highlights a growing demand for AI-related skills, while predicting significant declines in roles like graphic designers, postal clerks, and secretaries. While AI’s potential to augment human capabilities is noted, the report notably omits previous optimism about net job creation from technological advancements.

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