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AI is destroying jobs – and the energy crisis could make that much worse | Larry Elliott
Every wave of new tech has come with a doomsday scenario. But governments just aren’t planning a human response on the scale required The transition to a world of artificial intelligence has given a whole new meaning to the concept that capitalism can only renew itself through creative destruction. This is the idea that clapped-out…
US tech firm Oracle cuts thousands of jobs as it steps up AI spending
Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off. The $420bn firm, headquartered in Austin, Texas, started making employees redundant on…
Amazon tells workers it will cut 16,000 jobs worldwide in second big wave of layoffs
Workers informed after message erroneously said affected employees in US, Canada and Costa Rica had already been told Business live – latest updates Amazon has told workers it is cutting 16,000 jobs around the world to streamline its operations, hours after sending out a message to staff about the layoffs apparently in error. It is…
More than a quarter of Britons say they fear losing jobs to AI in next five years
Survey reveals ‘mismatched AI expectations’ between views of employers and staff over impact on careers AI is hitting UK harder than other big economies, study finds More than a quarter (27%) of UK workers are worried their jobs could disappear in the next five years as a result of AI, according to a survey of…
Computer maker HP to cut up to 6,000 jobs by 2028 as it turns to AI
US firm says plan to speed up product development and improve customer satisfaction would save $1bn a year Up to 6,000 jobs are to go at HP worldwide in the next three years as the US computer and printer maker increasingly adopts AI to speed up product development. Announcing a lower-than-expected profit outlook for the…
AI could replace 3m low-skilled jobs in the UK by 2035, research finds
Trades, machine operations and administrative roles are most at-risk, says leading educational research charity Up to 3m low-skilled jobs could disappear in the UK by 2035 because of automation and AI, according to a report by a leading educational research charity. The jobs most at risk are those in occupations such as trades, machine operations…
Gen Z faces ‘job-pocalypse’ as global firms prioritise AI over new hires, report says
British Standards Institution study across seven countries found quarter of bosses believe entry-level tasks could be automated to reduce costs Young people entering the workforce are facing a “job-pocalypse”, as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders. Bosses are prioritising automation through AI…