Mass Lay Offs: Will Use Of AI And Automation Lead To More Job Cuts Worldwide

New York: Nearly 70,000 workers in US-based tech companies have been laid off in mass job cuts so far in 2023, according to many estimates, and the year is just getting started.

Dell to lay off about 5% of its workforce

Dell will lay off about 5% of its workforce as the company is experiencing market conditions that "continue to erode with an uncertain future," according to a memo from COO Jeff Clarke.

Jobs are shrinking due to the use of automation and AI

Due to the rapidly increasing automation and use of artificial intelligence i.e. AI, human jobs are decreasing worldwide. Most layoffs are taking place in technology-related companies in the name of cost-cutting and fear of recession.

HR officers are also using AI for layoffs

Artificial intelligence is not only replacing humans, but HR executives are also using it to conduct layoffs.
It shouldn't come as much of a surprise that AI, once used to ease and speed up decision making in the technology sector, is now being used to create layoff lists.

AI will widen income and wealth inequality

Some experts say the fears that artificial intelligence (AI) technologies will cause unemployment to skyrocket are exaggerated. But they point to another fear about AI: that it will widen the already huge income and wealth inequality by creating a new wave of billionaire tech barons in the US and other countries while at the same time that it will push many workers out of better paid jobs.
Some experts say that automation will displace between 40 and 80 crore jobs worldwide by 2030, requiring as many as 37 crore people to switch job categories entirely.

New kind of automation to cut jobs of professionals, drivers

The Brookings Institution writes of a new kind of automation with more advanced robotics and AI that can CUT JOBS OF college graduates and professionals AS well as vehicle drivers and retail workers.

HR Relies on software to reduce labor costs

A survey has claimed that 98% of HR leaders believe that if there is a recession in 2023, they will rely on some software and algorithm to reduce labor costs.

Fired via automated email

In 2021, Bloomberg News reported that Amazon was tracking its flex delivery drivers, some of whom were fired via automated email after the algorithm determined they were not meeting their assigned goals.