AI Responsible for Layoffs? About 4,000 Employees in US Lost Their Jobs in May 2023 Due to Artificial Intelligence, Says Report
It was not only Artificial Intelligence (AI) that led to the layoffs. The report stated that business closure was one of the most common reasons for the mass layoffs in May which resulted in 19,600 people losing their jobs. Market and economic conditions are said to be the reason for 14,600 people losing their jobs while "no reason provided" for 12,900.