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This year, 89 percent IT employees may be laid off, is AI the reason?

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This year, 89 percent IT employees may be laid off, is AI the reason?

Tech Layoffs AI Impact: The process of layoffs in tech industries is not stopping. In a survey conducted on 1200 people regarding retrenchment, it has come to light that 54.58 percent of the employees are afraid of losing their jobs. Among these, the tech sector employees are most worried about their jobs.

 AI took away millions of jobs?

Layoffs continue in American tech industries. This year, about 89 percent of the employees are afraid of losing their jobs. In the first two months of the year, about 50,000 employees have been laid off from 193 companies. If we talk about this month, till now 7 companies have laid off 500 employees. This has created a wave of worry among lakhs of employees.

More than 50 percent employees are worried about layoff

AuthorityHacker’s report claims that at least 54.58 percent of the employees are afraid of retrenchment. Tech sector employees are more worried. The report said that 89.66 percent of IT-services and data employees and 74.42 percent of employees working in software development are worried about losing their jobs.

Is AI the reason for layoffs?

The rapid growth of Artificial Intelligence (AI) technology is also a major cause of concern for employees. 72.42 percent of the employees surveyed have admitted that their jobs are at risk in the next 5 years due to AI. Half of the employees surveyed accept that AI will affect their jobs. Those most worried about jobs include C-level executives (85 percent) and directors (78.83 percent). This survey was conducted on 1200 employees of America.

It is important to have AI skills

If we talk about the future, it is necessary for us to be equipped with AI skills. AI will not only eliminate jobs but will also create new opportunities. A report by the World Economic Forum has estimated that by 2025, AI will create about 97 million i.e. 9 crore 70 lakh new opportunities. AI can also play a big role in eliminating unemployment. It is important for employees to have knowledge of AI.

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