The article discusses the potential impact of AI on the job market, with a Goldman Sachs report estimating that AI might displace up to 300 million jobs globally. Companies like IBM and Microsoft have begun laying off employees, particularly in tech and financial services, citing efficiency from automation. Goldman Sachs predicts 200,000 job losses in banking, emphasizing roles involving repetitive tasks. Leaders from Amazon and Meta expressed that as AI is implemented, the workforce will need to adapt, leading to reduced roles in some areas and increased demand for skilled workers.
In a recent report, Goldman Sachs noted AI could displace as many as 300 million jobs globally, highlighting a shift in the employment landscape.
IBM's announcement of 8,000 layoffs underscored the trend of automating roles in HR and support, suggesting a move towards more skilled positions.
Bloomberg Intelligence stated that job cuts in the financial sector could reach 200,000, particularly for roles involving routine, repetitive tasks.
Amazon's CEO acknowledged that with advancing AI, fewer employees will be needed for current roles, while new opportunities will arise in different job sectors.
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