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Undoubtedly, AI will transform the world in a revolutionary way, but this change is not welcomed by everyone. The truth is, with the rapid development of AI, thousands and thousands of jobs will be replaced around the world,no matter if you believe it.
Research indicates that adding one robot per thousand workers will reduce the employment rate by about 0.2%. And new round layoff in tech companies is signaling that AI is definitely replacing your job.
IBM announced that in May 200 HR employees were let go and replaced with AI chatbots, while also stating that the company’s overall headcount is up as it reinvests elsewhere.
Fintech company Klarna has been among the most transparent in discussing how AI is transforming – and shrinking its workforce. The company has shrunk from about 5,000 to now almost 3,000 employees.
Maybe IBM and Klarna are not alone in AI-related purges. It’s just that firms often limit their explanations to terms like reorganization, restructuring, and optimization, and that terminology could be AI in disguise.
AI-driven workforce reshaping is continuing, and companies laying off as they embrace large-scale AI adoption is much too coincidental to ignore. Copywriting, graphic design, and video editing have borne the brunt of the changes, and now the labor shift has begun to work its way into the full-time force. The pace of AI-linked job change will accelerate. According to the World Economic Forum’s 2025 Future of Jobs report, 41% of employers worldwide intend to reduce their workforce in the next five years due to AI automation. There will be a tipping point in labor market. Will AI replace your job in the future?Complete digital access to quality Glebors financial topic with expert analysis from industry leaders.
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