With layoffs hitting global industries across their workforces, companies are claiming a new culprit: the rise of artificial intelligence. Numerous brands have pointed to AI as the reason for job cuts. But some analysts claim this is simply a way for companies to avoid taking responsibility.
What did the commentators say? Even as companies have been “blaming the promise of productivity with artificial intelligence for their decisions,” there’s “uneven evidence that the promised cost-savings from AI are actually worth what companies are putting into it,” said NBC News. This has left some people “questioning whether AI could be serving as a fig leaf for companies that are laying off employees for old-fashioned reasons,” such as a company’s poor financial performance.
It’s “much easier for a company to say ‘we are laying workers off because we are realizing AI-related efficiencies’ than to say ‘we are laying people off because we are not that profitable or bloated,’” David Autor, an economics professor at the Massachusetts Institute of Technology, said to NBC.
The most notable example is Amazon, which recently announced 14,000 job cuts. This came “just a few months after CEO Andrew Jassy said the rollout of AI technology was likely to spell job cuts,” said Al Jazeera. Despite those changes, many people have “voiced skepticism that recent high-profile layoffs are a telling sign of the technology's effect on employment,” said BBC News. There’s a “real tendency, because everyone is so freaked out about the possible impact of AI on the labor market moving forward, to overreact to individual company announcements,” Martha Gimbel, the executive director of the Budget Lab at Yale University, said to the BBC.
What next? There’s no question that this technology is replacing certain jobs. In July, Microsoft released a research paper outlining 40 occupations the company thinks could be outsourced to AI. At the top of the list of jobs were interpreter and translator, followed by historian, passenger attendant, sales representative, writer and customer service representative. The job that Microsoft believed was safest was phlebotomist, followed by nursing assistant, waste-removal worker, painter, embalmer and plant operator. |