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Companies cut about 1.1 million jobs this year, the most since the covid-19 pandemic. However, the notion that those layoffs are occurring due to technological advancements, as if the majority of those roles are now filled by artificial intelligence, doesn’t quite align with the data. According to data from consulting firm Challenger, Gray & Christmas, about 55,000 layoffs were attributed directly to AI—less than 1% of all job losses.
One industry where layoffs were common this year…
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Companies cut about 1.1 million jobs this year, the most since the covid-19 pandemic. However, the notion that those layoffs are occurring due to technological advancements, as if the majority of those roles are now filled by artificial intelligence, doesn’t quite align with the data. According to data from consulting firm Challenger, Gray & Christmas, about 55,000 layoffs were attributed directly to AI—less than 1% of all job losses.
One industry where layoffs were common this year…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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