“There are probably more jobs in the economy that are being cut because of AI already than are getting attributed to that or announced. Every time a company mentions it, they get headlines across every news outlet for like a month,” Challenger said. “They would rather go under the radar most of the time.”
Last spring, International Business Machines Corp. drove headlines across the world when Chief Executive Officer Arvind Krishna told Bloomberg the company planned to pause hiring it thinks it could soon replace with AI. An IBM spokesperson said the company does not have a hiring freeze in place and plans to keep headcount level this year.
Johnny Taylor, CEO of the Society for Human Resource Management, agreed that many of these kinds of cuts will happen quietly.
“IBM was a leader and was public about it, and got beaten up pretty bad,” Taylor said in an interview in December. “So the rest of them have said ‘We’re not going to announce it, I’m just going to do it.’ We’re going to reduce our headcount.”
https://finance.yahoo.com/news/ai-driving-more-layoffs-companies-174840542.html