“The timing and framing of the layoffs attributed to AI layoffs warrants closer examination. Corporate restructuring, over-hiring during the post-pandemic boom as demand for online services soared, and pressure from investors to demonstrate improved profit margins are all forces operating at the same time as genuine advances in AI. While these are not mutually exclusive…
Tag: ai job reduction
HSBC weighs deep job cuts as AI overhaul unfolds: report
“Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is only in an early stage, according to…
The finance robots are coming: 73% of organizations plan to replace humans with machines this year
“Deloitte survey found that 73% percent of respondents are planning to implement technology to replace humans in their workforce this year—up from 58% a year ago.” https://www.google.com/amp/s/www.techrepublic.com/google-amp/article/the-finance-robots-are-coming-73-of-organizations-plan-to-replace-humans-with-machines-this-year/
The finance robots are coming: 73% of organizations plan to replace humans with machines this year
“Deloitte survey found that 73% percent of respondents are planning to implement technology to replace humans in their workforce this year—up from 58% a year ago.” https://www.google.com/amp/s/www.techrepublic.com/google-amp/article/the-finance-robots-are-coming-73-of-organizations-plan-to-replace-humans-with-machines-this-year/