{"id":584269,"date":"2023-03-28T00:00:00","date_gmt":"2023-03-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/there-are-few-hundred-mn-jobs-at-risk-of-being-wiped-out-by-ai-layoffs-are-happening-beyond-tech\/"},"modified":"2023-03-28T00:00:00","modified_gmt":"2023-03-28T00:00:00","slug":"there-are-few-hundred-mn-jobs-at-risk-of-being-wiped-out-by-ai-layoffs-are-happening-beyond-tech","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/there-are-few-hundred-mn-jobs-at-risk-of-being-wiped-out-by-ai-layoffs-are-happening-beyond-tech\/","title":{"rendered":"There are few hundred mn jobs at risk of being wiped out by AI + Layoffs are happening beyond tech"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">SIGN OF THE TIMES- AI is coming for your jobs. <\/span><span style=\"\">The latest artificial<\/span><span> intellige<\/span><span>nce <\/span><span>developments could make it equipped to take over around 300 mn positions across the US and the eurozone, the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ft.com\/content\/7dec4483-ad34-4007-bb3a-7ac925643999\" style=\"\">Financial Times<\/a><\/span><span style=\"font-weight:400;\"> reports, citing Goldman Sachs research. Most of those working full time will be able to automate half of their workload using AI, freeing them for more \u201cproductive activities.\u201d AI advancements could increase productivity, pushing the annual global GDP up 7% over the coming decade. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Who could get the boot? <\/span><span style=\"\">Goldman Sachs names lawyers and administrative assistants among<\/span><span style=\"font-weight:400;\"> those most likely to be let go and replaced with AI systems. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">That wave of tech layoffs isn\u2019t actually contained to the tech world:<\/span><span style=\"\"> Nearly half a mn jobs<\/span><span> in different sectors across the world have been cut since October, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/graphics\/2023-job-cuts-global-charts\/?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports, citing its own data. Although tech giants such as Meta and Amazon account for a massive chunk of these layoffs, Bloomberg\u2019s analysis shows that the recent wave of layoffs is sector agnostic, with the consumer discretionary sector accounting for the second-largest number of job cuts (108k positions) after tech. The financials, industrials, and communications sectors come in next, with each sector seeing more than 40k layoffs since October.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Who\u2019s been spared:<\/span><span style=\"\"> The energy sector saw the smallest number of job cuts in the past six<\/span><span style=\"font-weight:400;\"> months, with fewer than 4k layoffs, according to Bloomberg\u2019s analysis. Energy companies \u2014 including oil majors Exxon Mobil and Chevron \u2014 have had a bumper year thanks to higher oil prices in the wake of Russia\u2019s war in Ukraine. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI is taking over a lot of jobs \u2014 and there are a whole lot of layoffs<\/p>\n","protected":false},"author":1,"featured_media":584270,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[7094,928,633,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-ai","tag-employment","tag-enterprisepm","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"214c6969-50b8-459a-b3cd-d6668823871d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/583.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[584264],"teaser":"AI is taking over a lot of jobs \u2014 and there are a whole lot of layoffs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.92b8ba3c-075b-46c1-94dd-f0f68fa0ff42.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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