"Forget the billions getting invested. Forget fears over a bubble. Most people's biggest question about AI is simple: How will it impact my job? Executives at two very different companies recently offered clues on how corporate America is thinking about AI's impact on its workforce. First, you have Goldman Sachs CEO David Solomon, who told Axios that AI isn't taking away bankers' jobs."
"The tech giant just announced that it's cutting 14,000 corporate jobs, marking one of the biggest rounds of layoffs in the company's history. Amazon's senior vice president of people experience and technology, Beth Galetti, announced the cuts in a blog post and said the reductions are a continuation of CEO Andy Jassy's drive to operate the company "like the world's largest startup.""
Amazon is cutting 14,000 corporate jobs, one of the largest layoff rounds in the company's history. Beth Galetti said the reductions continue CEO Andy Jassy's drive to operate the company "like the world's largest startup." Workers are increasingly concerned about AI's impact on headcounts. Goldman Sachs CEO David Solomon said AI isn't taking bankers' jobs but requires "more high-value people" and predicted the bank will have more employees in a decade thanks to AI. Vercel reduced a 10-person sales team to one after a top-performing worker trained an AI agent to perform most tasks. Commercial real estate has cooled, Tesla's chair warned about Elon Musk's pay package, and Halloween candy prices are a consumer concern.
Read at Business Insider
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