"Michael Protti, Meta's chief compliance officer, told risk management workers on Wednesday that the corporation would be moving toward an automated risk process instead. "As a result, we don't need as many roles in some areas as we once did," he wrote in the memo, per BI. Protti fell short of explaining how many jobs were being automated, though added that the tech giant had made "significant progress" in "building more global technical controls" in the risk management process."
""This standardization means that many routine decisions can now be handled efficiently by technology, freeing our teams to focus on the most complex and high-impact challenges," Protti said. In the corporate world, risk management is the task of identifying and reducing threats to a company's earnings or operations. There are tons of risks that can rear their head - from cybersecurity threats to negative hits to reputation, it can be a pretty complicated job."
Meta is eliminating many roles in its risk management division as it moves toward automating risk processes with AI. Michael Protti, chief compliance officer, said the company has made "significant progress" in "building more global technical controls" and that standardization lets routine decisions be handled by technology. Protti said automation will free teams to focus on the most complex, high-impact challenges. Risk management involves identifying and reducing threats to earnings or operations, such as cybersecurity and reputational risks. Concerns persist because AI has been described as notoriously buggy, has a reported 95 percent failure rate in corporate settings, and has driven failed automation efforts like Klarna's customer-service experiment. AI also creates new threats, including cybersecurity gaps and vulnerability to manipulation.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]