Mass layoff: More than 10% of knowledge workers
Knowledge worker: Anyone whose work can be done remotely
When looking at tech innovations over the last few years, more and more companies are looking to slim down their amount of employees and autonomize the most amount of processes. That being said, however, I think the return to work and push for a more integrated community within companies, is going to slow the process down and it will not be as drastic as the recent tech layoffs.
According to a Forbes article titled "Artificial Intelligence Is Already Causing Disruption And Job Losses At IBM And Chegg", they state that over 300 million jobs will be affected by AI. It concludes that globally there will be around 69 million new jobs whilst eradicating 83 million jobs, therefore it will be a net loss of 14 million jobs.
@ArekStryjski It will be the decision of profit driven firms. People will be more expensive and inefficient than the energy for compute.
I agree. There will be social turmoil and a call for proper redistribution. Let’s hope that it’s a positive sum process. Probably zero sum in the short term.