AI Automation Sparks IT Job Cuts Amid Cost-Saving Moves 📉
The U.S. IT sector saw a 1.8% rise in unemployment from December to January, reaching 5.7%, driven by AI-driven automation and cost-avoidance strategies. Learn how tech companies are reshaping the job landscape.
Benzinga
426 views • Feb 10, 2025
About this video
U.S. IT sector unemployment rose by 1.8% from December to January, hitting 5.7%, outpacing the overall U.S. jobless rate of 4%. AI-driven job losses in tech stem from increased spending on AI infrastructure without corresponding IT job creation. Companies increasingly use AI to automate tasks instead of hiring new workers, a strategy tech leaders call cost avoidance. White-collar unemployment is at its highest since 2020, as demand for knowledge-based jobs lags behind in-person skilled labor roles.
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426
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0:37
Published
Feb 10, 2025
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