AI leads to surge in job cuts and layoffs in the US: Report
TL;DR Summary
US employers cited AI as the reason for 3,900 of the layoffs in May, according to Challenger, Gray & Christmas. Business closure was the most common reason for layoffs, resulting in 19,600 losing jobs. Economic conditions have prompted the most announced job cuts, cited as the reason for nearly 206,300. The 417,500 layoffs announced this year marked the "highest January-May total since 2020, when 1,414,828 cuts were recorded," Challenger, Gray & Christmas said. However, the World Economic Forum recently found that 50% of companies foresee AI will "create job growth" and 25% think it will "create job losses."
- AI cost nearly 4,000 people in the U.S. their jobs, report says Fox Business
- Nearly 4,000 people lost their jobs last month because of AI: report Business Insider
- Job Cuts From AI Are Just Beginning, the Latest Challenger Report Suggests Bloomberg
- AI blamed for 3,900 people losing their jobs in May: report New York Post
- Layoffs in US companies surge nearly four-fold in May, hiring lowest since 2016: Report Republic World
- View Full Coverage on Google News
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