About 4,000 people who were laid off in May have lost their jobs because of artificial intelligence (AI), according to a monthly report from Challenger, Gray and Christmas. U.S. employers cited AI as the reason for 3,900 layoffs, according to the company, representing about 4.9% of layoffs in May.
of report About 417,500 jobs have been lost from January to May, according to a study released Thursday, the lowest since 2020, when the outbreak of the COVID-19 pandemic resulted in more than 1.4 million layoffs. It was the worst start in five months of the year. The report says the beginning of 2023 has produced the worst number of layoffs since 820,000 layoffs in 2009, excluding the pandemic.
“Consumer confidence has fallen to a six-month low and job openings are flat,” said Andrew Challenger, a labor expert and senior vice president at Challenger Gray and Christmas. It seems that they are putting the brakes on hiring in anticipation of the future.”
Aside from AI, the report said business closures were the most common reason for layoffs in May, resulting in the loss of 19,600 jobs. Approximately 14,600 responses cited “market/economic conditions,” and 12,900 responses cited “no reason given.” In his five months of 2023, the economy also announced the most job cuts, with nearly 206,300 announced job cuts.
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On the other hand, according to CBS newsThe , Challenger, Gray & Christmas reports come as companies around the world deploy advanced AI technology to automate a variety of tasks, including creative tasks such as writing, administration, and clerical work. rice field. Earlier this week, The Washington Post reported that two copywriters lost their livelihoods after their employers (or clients) decided they could get the job done for less on ChatGPT. Media company CNET also fired a reporter while it was using AI to write articles.
Notably, investment bank Goldman Sachs said in a March report that AI could eventually replace 300 million full-time jobs worldwide, impacting nearly a fifth of jobs. I predicted that there would be