'AI eliminated nearly 4,000 jobs in May' so it's reported by hallenger, Gray & Christmas, Inc. Following on from reports by IBM et al that thousands of job cuts will occur due to AI replacement, there is no need to wait for the utopia of AI allowing humans more leisure time, as that's already here, in the form of redundancies, if we are to accept the reports findings. 'With the exception of Education, Government, Industrial Manufacturing, and Utilities, every industry has seen an increase in layoffs this year.' What's particularly notable is that it's the Tech sector that's the most affected from job cuts in the US economy: 'The Technology sector announced the most cuts in May with 22,887, for a total of 136,831 this year, up 2,939% from the 4,503 cuts announced in the same period last year. The Tech sector has now announced the most cuts for the sector since 2001, when 168,395 cuts were announced for the entire year. ' Another reason ...
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