This year US employers named AI in 116,175 job cuts, more than any other reason.

Reddit r/ArtificialInteligence News

Summary

US employers reported 116,175 job cuts this year attributed to AI, making it the leading reason for layoffs according to Challenger's data. The article highlights how companies like Block are leveraging AI tools to reduce workforce while seeing stock gains.

That number comes from Challenger, a company that tracks layoff announcements. It counts jobs companies said they cut because of AI. It doesn't check whether AI took over that work. Block said it was cutting more than 4,000 jobs and that intelligence tools could help smaller teams do more. Its stock rose nearly 18% the next day. I guess that's productivity if you're measuring the stock instead of the work. What can those tools do now that those 4,000 people did before?
Original Article

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