#workforce-retraining

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from24/7 Wall St.
1 week ago

Biggest AI Layoff Ever

It depends on how one defines a layoff. Microsoft Corp. ( NASDAQ: MSFT) has done it in waves, a few thousand here and a few thousand there. When one was announced, CEO Satya Nadella said, "the job cuts illustrate the enigma of success in an industry that has no franchise value." That was a vague description of artificial intelligence (AI).
Artificial intelligence
Artificial intelligence
fromFortune
2 weeks ago

JPMorgan CEO Jamie Dimon says people who don't think job losses due to AI are inevitable, 'should stop sticking their head in the sand' | Fortune

AI will eliminate thousands of jobs and requires regulation, upskilling, income support, and retraining to prevent widespread social and economic disruption.
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