By Admin 
AI impact on jobs: IBM Chief Executive Officer Arvind Krishna has said that with the increasing scope of Artificial Intelligence (AI), some jobs will undoubtedly be lost, but many new jobs will also be generated. In an interview given to Bloomberg, Krishna said that the increasing pace of adoption of AI is likely to have the biggest impact on jobs like call centers, so now it is the responsibility of companies to reskill their employees.
layoffs happening everywhere
Bloomberg quoted a person related to the matter as saying that fitness technology company Peloton Interactive Inc. Saying cost cutting, it has decided to lay off about 11 percent of its employees. Engineers working on technology development and enterprise-based initiatives are likely to be most impacted.
A source, speaking on condition of anonymity, said that Peloton Chief Executive Officer Peter Stern has informed his workers about the layoffs. This decision of Peloton has come amid large-scale job cuts in the global technology sector. Nowadays companies are rapidly adopting AI by restructuring their operations. Just earlier this week, Amazon announced the layoff of 16,000 employees.
sword hanging on job
Anthropic CEO Dario Amodei, during a recent interview, mentioned bad days for the job market in the future. He predicts a 50 percent decline in entry-level jobs within 1-5 years. New data from the Bureau of Labor Statistics has confirmed this.
According to this data, job openings in the US decreased to 6.54 million at the end of December, which is the lowest level since September 2020. “AI will eliminate 50 percent of entry-level white-collar jobs in 1-5 years, and we think we could have AI that is more capable than everyone else in just 1-2 years,” Amodei said in an article titled ‘The Adolescence of Technology’.
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