Reports show AI is taking human jobs in the workforce

Reports show that the increasing adoption of AI has caused significant job displacement, with tens of thousands of job cuts tied to the technology. An outplacement firm, Challenger, Gray & Christmas, found that over 27,000 jobs have been directly attributed to AI since 2023, and in a single month this year, over 10,000 jobs were lost due to generative AI. These job cuts have been particularly prominent in the technology sector, but also affect administrative, clerical, and creative roles.
Looking ahead, experts predict AI will continue to reshape the job market, with a Goldman Sachs report suggesting it could replace 300 million jobs globally.