Yes, that's correct. According to a report by Challenger, Gray & Christmas,
AI was responsible for nearly 4,000 job losses in May 2023.
This represents a 5% increase from the previous month, and a 20% increase from the same month last year.
The report found that the majority of AI-related job losses
were in the tech sector, with 2,700 jobs lost in that industry.
Other industries that saw significant job losses due to AI
included manufacturing (600 jobs), finance (500 jobs), and healthcare (400 jobs).
The report's authors attributed the increase in AI-related job losses to a number of factors,
including the growing adoption of AI technologies by businesses,
the increasing sophistication of AI algorithms, and the rising cost of labor.