Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (Julia Fanzeres/Bloomberg)
NegativeArtificial Intelligence

Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (Julia Fanzeres/Bloomberg)
In October, US companies announced a staggering 153,074 job cuts, marking the highest number in over 20 years and tripling the layoffs from October 2024. This surge in layoffs is largely attributed to the rapid advancements in artificial intelligence, which are reshaping industries and prompting companies to cut costs. This trend is concerning as it highlights the impact of technology on employment, raising questions about job security and the future of work.
— via World Pulse Now AI Editorial System

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