AI is already causing tens of thousands of layoffs in the U.S. job market, according to a new report. According to executive outplacement firm Challenger, Gray & Christmas, AI is reshaping the technology sector, causing a 36 percent increase in job cuts for that industry.
The rising usage of AI technology by private employers resulted in more than 10,000 job cuts in July alone, according to a report released by Challenger, Gray & Christmas, which cites AI as one of the top five factors contributing to job losses this year.
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