AI Eliminated nearly 4000 Jobs in May 2023 - Breaking Techno News

Yes, that's correct. According to a report by Challenger, Gray & Christmas,

AI was responsible for nearly 4,000 job losses in May 2023.

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This represents a 5% increase from the previous month, and a 20% increase from the same month last year.

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The report found that the majority of AI-related job losses

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were in the tech sector, with 2,700 jobs lost in that industry.

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Other industries that saw significant job losses due to AI

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included manufacturing (600 jobs), finance (500 jobs), and healthcare (400 jobs).

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The report's authors attributed the increase in AI-related job losses to a number of factors,

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including the growing adoption of AI technologies by businesses,

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the increasing sophistication of AI algorithms, and the rising cost of labor.

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