4,000 US Jobs Lost in May Due to AI, 300M More Predicted Globally

In this episode of the podcast, we delve into the tangible impacts of AI on employment, as evidenced by recent data from Challenger, Gray & Christmas which attributes nearly 4,000 job losses last month in the US alone to AI. The situation appears dire, with US employers announcing more than 80,000 layoffs in May - a 20% uptick from the previous month and a staggering 287% increase year over year, with 5% of these cuts directly resulting from AI.

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