By 2025, more than 50,000 workers will lose their jobs due to artificial intelligence – or so their employers claim. Amazon announced 16,000 job cuts this week after CEO Andrew Jassy said generative artificial intelligence should change the way people work. Pinterest said it will cut 15% of its workforce to reallocate resources to AI-focused roles.
But experts say many companies are “washing AI” – using artificial intelligence to explain layoffs when the real reasons may be overstaffing during the pandemic, missing financial targets or avoiding criticism of other factors such as tariffs.
Wharton School professor Peter Cappelli said companies expect AI to take over jobs, but that hasn’t happened yet. Molly Kinder, a researcher at the Brookings Institution, called it investor-friendly news that signals adoption at the cutting edge rather than an admission that the business is struggling.
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By 2025, more than 50,000 workers will lose their jobs due to artificial intelligence – or so their employers claim. Amazon announced 16,000 job cuts this week after CEO Andrew Jassy said generative artificial intelligence should change the way people work. Pinterest said it will cut 15% of its workforce to reallocate resources to AI-focused roles.
But experts say many companies are “washing AI” – using artificial intelligence to explain layoffs when the real reasons may be overstaffing during the pandemic, missing financial targets or avoiding criticism of other factors such as tariffs.
Wharton School professor Peter Cappelli said companies expect AI to take over jobs, but that hasn’t happened yet. Molly Kinder, a researcher at the Brookings Institution, called it investor-friendly news that signals adoption at the cutting edge rather than an admission that the business is struggling.
Read more