LIVE: AI Disruption Sparks 1 Million US Job Cuts in 12 Months 🚨

The United States has lost one million jobs over the past 12 months. Not only this, but it also announced the maximum number of job cuts in October in over 20 years. Apart from the usual reasons, such as cost-cutting, a weaker economy and downward consumer spending, there is a new factor behind job cuts - artificial intelligence. As per a report from America, more than 150 thousand jobs were cut in October. Even the hiring rate is on a decline as the hiring plans are at their lowest level since 2011. Major US-based tech companies such as Amazon, UPS and IBM have announced massive job cuts, to be precise, 112 thousand job cuts. The companies are blaming over-hiring during the pandemic, leading to downsizing in the post-pandemic world. The U.S. Congress is mulling a bill to track the impact of AI on the jobs. Palki Sharma tells you more.

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Artificial Intelligence | AI Firms | Job Cuts in USA | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#artificialintelligence #aijobs #unitedstates #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

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