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Thousands of jobs lost weekly as companies pivot to AI

By PulseAugur Editorial · [1 sources] ·

The tech industry continues to see significant job losses, with thousands of positions eliminated this week across various companies. Evonik announced 3,200 job cuts by 2029, Artlist laid off 40% of its workforce to become "AI-native," and Robinhood trimmed 10% of its staff. These recent layoffs add to a substantial year-to-date total, with nearly half a million jobs lost across 211 companies, over half of which are attributed to AI. AI

IMPACT Job displacement due to AI adoption continues to accelerate, impacting hundreds of thousands of workers globally.

RANK_REASON The item discusses industry-wide trends in layoffs attributed to AI, rather than a specific AI product release or research.

Read on Mastodon — fosstodon.org →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Thousands of jobs lost weekly as companies pivot to AI

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The item discusses industry-wide trends in layoffs attributed to AI, rather than a specific AI product release or research.
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COVERAGE [1]

  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    Thousands more jobs gone this week. Evonik said 3,200 gone by 2029; same day Artlist gutted 40% to go "AI-native", Robinhood trimmed 10%, Rivian ~300. Year so f

    Thousands more jobs gone this week. Evonik said 3,200 gone by 2029; same day Artlist gutted 40% to go "AI-native", Robinhood trimmed 10%, Rivian ~300. Year so far: ~463,000 across 211 companies. About 2,700 jobs a day. Over half blamed on AI. Opendoor just shut its whole India of…

    LINKS youtube.com/watch

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