Summary
Amazon and other companies in the U.S. are citing Artificial Intelligence (AI) as a reason for recent job cuts. Some experts question if AI is fully responsible for these layoffs, suggesting that other factors might be at play. Studies show different sectors are affected in varying ways by AI technologies like ChatGPT.
Key Facts
- Amazon plans to cut about 14,000 corporate jobs, linking these cuts to AI.
- Other companies like Chegg and Salesforce have made job cuts, attributing them to changes brought by AI.
- UPS cut 48,000 jobs in the past year, partially blaming machine learning.
- Experts say company-specific reasons, not just AI, often influence layoffs.
- A Federal Reserve study found some job areas with higher AI adoption saw more unemployment since 2022.
- Morgan Frank's research shows only certain sectors, like office support, saw clear job impacts after AI tools like ChatGPT launched.
- The rise in job cuts is also linked to economic changes, such as shifting interest rates, not solely AI.
