https://www.pymnts.com/artificial-intelligence-2/2025/ford-jpmorgan-amazon-executives-predict-deep-job-cuts-as-ai-advances/
4 replies (most recent on top)
AI almost certainly can generate technical debt at better cost than the entire offshore teams. That's ~40% of the employees right there.
The large AI developers have said on numerous platforms that US politicians refuse to acknowledge the large impact (at least 30% by their figures) AI will have across US employment figures in less that 10 years. The government thinks everyone will be “re skilled” to assist with AI.
And employers. They will not honestly mention the impact of AI as they need their employees to hang around until implemented.
This morning's Q2 calls were telling. BoA touted reducing their workforce by 89K and PNC opened by thanking all their employees.
Looking forward to hearing our call on 7/17.
Won't it be great when people don't have jobs so they have no money to deposit into banks or buy all the products?