AI is taking jobs now at scale
This is getting interesting as companies fire workers: "Workday is eliminating roughly 1,750 jobs, or about 8.5% of its workforce, as it looks to prioritize investments in AI and hire more people internationally, CEO Carl Eschenbach said Wednesday. With the move, the HR software provider joins a growing list of tech companies, including Salesforce and Meta, to lay off employees while funneling resources toward AI." - LinkedIn News
Facebook's Meta is also joining the fray, reports LinkedIn News.
Meta will send layoff notices to 5% or about 3,600 of its employees on Monday, The Information reports, citing an internal memo. The company previously warned about the layoffs, targeting "low performers" in January. Affected employees will be cut off from internal systems within an hour and notified by email about their severance. Other tech companies including Amazon and Salesforce have either planned or already carried out job cuts as Silicon Valley increases spending on AI technology.
Indeed, the job search is getting more intense for applicants, and there are signs it's taking longer than expected to land a role. More than half of Americans actively looking for a new job have been on the hunt for at least six months, according to LinkedIn’s latest Workforce Confidence survey — and over one in three (34%) have been searching for at least a year. The survey includes anyone searching for work, employed or not.
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