Nearly 4,000 people in the US lost their jobs to AI last month: Report
As the wave of artificial intelligence gains momentum, about 3,900 people were laid off in May due to technological advances. According to a monthly report from Challenger, Gray & Christmas, US-based employers announced 80,089 cuts in May — 287% more than the same month in 2022. And for the first time, AI came in handy alongside typical reasons like market conditions, restructuring, and buyouts .
In May, 3,900 people lost their jobs due to AI – the first time such a case has been recorded. The AI-affected group accounted for about 4.9% of job losses in May at a time when hiring rates also hit their lowest level since 2016 to date. According to the report, some 417,500 jobs were lost between January and May this year – the worst start to a year since 2020 when the COVID-19 pandemic led to mass layoffs.
The report also came just days after scientists and technology industry leaders warned that artificial intelligence would increase the risk of human extinction.
Updated: June 04, 2023, 8:31 PM IST