COMPANIES ARE WARMING UP TO SAYING AI IS THE REASON FOR JOB CUTS
https://s.yimg.com/ny/api/res/1.2/27NOLBcLeUr1Zi02F1QN9Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03OTQ-/https://media.zenfs.com/en/bloomberg_holding_pen_162/9cee4b8368c67aec89b916d9828370fd
✍️ Large companies across industries are citing artificial intelligence (AI) as a reason for job cuts, with many attributing efficiency gains to AI and framing a shrinking workforce as preparation for an increasingly AI-driven economy.
👉 Deutsche Lufthansa AG plans to eliminate 4,000 administrative positions by the end of the decade, citing 'the increased use of artificial intelligence'. 👉 ING Groep NV said nearly 1,000 positions were at risk from 'digitalization, AI, and evolving customer needs'. 👉 Krafton Inc., a South Korean video game company, said it intended to freeze hiring to focus on an 'AI-first' approach to development. 👉 AI has been cited for 48,414 job cuts announced in the US so far this year, according to Challenger, Gray & Christmas. 👉 Companies are citing AI as a reason for job cuts, with many attributing efficiency gains to AI and framing a shrinking workforce as preparation for an increasingly AI-driven economy.
-- #JeromePowell #GeorgeDenlinger #AndyJassy #ArvindKrishna #TobiLutke #BillMcDermott #TomCase #Germany #France #SouthKorea #US #China #technology
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