A.I. replaced 4,000 workers in May, Challenger report says - Fortune

Jun 2, 2023 · The A.I. job culling has already begun and 4,000 people lost work last month to the technology, according to a new report. BY Rachel Shin. June 2, 2023, 12:06 PM PDT. Artificial …

CouponFollow Extension

$1
OFF

AI Eliminated Nearly 4,000 Jobs In May, Report Says - CBS News

1 week from now

For those wondering when AI will start replacing human jobs, the answer is it already has. Artificial intelligence contributed to nearly 4,000 job losses last month, according to data from Challenger, Gray & Christmas, as interest in the rapidly evolving technology's ability to perform advanced organizational tasks and lighten workloads has intensified. The report released Thursday by the outplacement firm shows that layoff announcements from … The job cuts come as businesses waste no time adopting advanced AI technology to automate a range of tasks — including creative work, such as writing, as well as administrative and clerical work. The AI industry is expected to grow to more than $1 trillion fueled by major technological …

cbsnews.com

20%
OFF

The A.I. Job Culling Has Already Begun And 4,000 People Lost Work …

1 week from now

Jun 2, 2023 · U.S. companies cut over 80,000 jobs last month, up 20% from April, according to the report by Challenger, Gray & Christmas. Reasons for the layoffs included market …

yahoo.com

20%
OFF

AI Eliminated Nearly 4,000 Jobs In May, Report Says - News 9

1 week from now

Jun 5, 2023 · The report released Thursday by the outplacement firm shows that layoff announcements from U.S.-based employers reached more than 80,000 in May — a 20% jump …

news9.com

20%
OFF

AI Replaces Nearly 4,000 US Jobs In May - CMSWire.com

1 week from now

Jun 5, 2023 · US-based employers announced 80,089 cuts in May, a 20% increase from the 66,995 cuts announced one month prior, according to the Challenger, Gray & Christmas report.

cmswire.com

70%
OFF

McKinsey’s AI Thought Leader Says 70% Of Jobs Can Be ... - Fortune

1 week from now

Nov 27, 2023 · McKinsey’s AI thought leader says 70% of jobs can be automated—but ‘the devil is in the detail’. Fortune CEO Alan Murray introduces the Fortune Global Forum 2023 in Abu …

fortune.com

FAQs about A.I. replaced 4,000 workers in May, Challenger report says - Fortune Coupon?

How much did AI cost jobs in May?

Artificial intelligence (AI) cost nearly 4,000 people their jobs in May in the US, a new report has shown. According to the US-based consulting firm Challenger, Gray & Christmas monthly report, employers in the US cited AI as the reason for 3,900 of the layoffs, roughly 4.9 per cent of May's job cuts. ...

How many people have been laid off because of AI?

US employers cited AI as the reason for 3,900 of the layoffs. Around 4,000 people who were laid off in May this year lost their jobs because of Artificial Intelligence (AI), a monthly report from Challenger, Gray & Christmas has revealed. ...

How many jobs are lost by Ai?

And one of the most talked-about effects of AI’s rapid surge is the toll it’s taking on jobs. Indeed, a new Challenger, Gray & Christmas report found that nearly 4,000 jobs were lost due to AI in May. This is the first time AI was cited as a reason for layoffs in the report, a Challenger, Gray & Christmas spokesperson said in an emailed statement. ...

How many jobs were cut by artificial intelligence in May?

Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas. Some 3,900 of the over 80,000 job cuts that took place in May were attributed to AI, the report found. ...

Will AI replace 300 million full-time jobs?

In March, investment bank Goldman Sachs predicted in a report that AI could eventually replace 300 million full-time jobs globally and affect nearly one-fifth of employment — with a particular hit to white-collar jobs often considered automation-proof, such as administrative and legal professions. ...

Why have US companies cut jobs based on AI?

Since last May, US companies have announced more than 4,600 jobs cuts in order to free up resources to hire people with AI experience or because the technology replaced tasks, according to outplacement firm Challenger, Gray & Christmas Inc. ...