Job Cuts From AI Are Just Beginning, Challenger Report Suggests

Behold! The latest Challenger jobs report.

Overall, planned layoffs reached about 417,500 jobs in May, more than four times the job cuts during the same period last year.

And while the maker of the report, Challenger, Gray & Christmas Inc., has long included tables that lay out the top reasons for announced job cuts, this appears to be the first time that “Artificial Intelligence” has been included, with some 3,900 jobs apparently lost to the proverbial robots last month.

Source: Challenger

“Generative AI is expected to become a monster employment generator because of estimates of a mushrooming $1.3 trillion AI ...