WASHINGTON (Daily Pakistan Online) The monthly report of
Challenger, Gray and Christmas has revealed that almost 4 thousand people were
laid off in May this year due to artificial intelligence (AI). U.S. companies
said they shed 3,900 jobs because of the arrival of artificial intelligence,
accounting for 4.9 percent of the job losses in the U.S., the firm said.
About 417,000 jobs were lost between January and May, the
worst 5-month start to a year since 2020, the report said. In 2020, 1.4 million
people lost their jobs due to the global pandemic. The start of 2023 has
created a major crisis after the 820,000 layoffs in 2009. The report also said
that business closures were the biggest contributor to layoffs in May, with
19,600 people out of a job.
According to CBS News, the report by Challenger, Gray and Christmas comes at a time when businesses around the world are embracing advanced AI technology to automate a variety of tasks, including creative work, such as writing, administrative and knowledge work. have been.
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