Large tech companies are rapidly cutting staff, recruiting 'AI'

Meta aims to replace 5% of workforce with 'AI' by 2025

Falgun 10, 2081

Sajana Baral

Large tech companies are rapidly cutting staff, recruiting 'AI'

We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:

This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.

Meta, the parent company of popular apps like Facebook, Instagram, and Messenger, has announced that it will cut 5 percent of its total workforce in 2025, i.e. about 4,000 people. In addition, the company has announced plans to invest more in the appointment of 'AI' (Artificial Intelligence) employees and to replace regular office work with AI. The company is expected to begin layoffs as early as February.

Reuters claims that Meta's internal memos included the hiring of a machine learning engineer amid nationwide staff cuts. Just last month, Meta CEO Mark Zuckerberg said on a podcast with Joe Rogan that mid-level engineers and technicians will gradually be replaced by AI. Bloomberg's report also mentions that he has prepared to lay off about 5 percent of employees from Meta this year. 

Another big tech company, Salesforce, has also announced that it will not hire a single new software engineer in 2025. Instead, the company's strategy is to rely on AI. Salesforce plans to replace sales, marketing, customer service manpower by using AI technology like Agentforce. 

According to a study report by Goldman Sachs, by 2030 AI will displace nearly 300 million human workers. AI capabilities have grown exponentially in the past two years alone. Now this technology is not limited to generating content or helping with small tasks. AI technology has become important in facilitating the work of large companies like Meta and Salesforce. Due to this, the human labor force has started to be affected. AI tools such as generative models and automated software are being assessed to transform offices. 

Studies have shown that job losses began in some areas immediately and in others gradually. Various statistics published recently have also officially depicted an increasing reliance on AI. According to a recent report by Bloomberg, it is estimated that around 200,000 jobs may be cut due to the use of AI at the largest New York Wall Street banks. Companies such as JP Morgan, Chase & Co and Goldman Sachs Group are increasingly using AI to increase efficiency and productivity.

In a report on the future of work published by the World Economic Forum some time ago, it was mentioned that the daily administrative tasks in the office will gradually go towards automatic alternatives due to the availability of AI.

Similarly, a report published in Newsweek also mentions that AI will gradually take over jobs related to customer service, data collection and analysis, marketing, work like counting bank notes, work like time management done by assistants in the office, sales, media and content creation. Although some jobs will not be completely replaced by AI, the reports indicate that the role of AI will partially increase. 

Big tech companies have announced that they will be aggressively automating and automating various jobs based on AI. Salesforce projects a slightly different and positive view. A study by IDC and Salesforce has shown that by 2028, around one and a half million new jobs will be created worldwide. The conclusion of the study is that although some jobs may be lost in the initial stage, economic growth and new job opportunities will open up in the long term. 

IBM has already planned to automate about 7,800 positions (30 percent of office-based jobs) with AI by 2024. The AIPRM study found that 37 percent of companies are gradually replacing some positions with AI. Similarly, 44 percent of companies mentioned that they plan to hire AI instead of employees in the coming years. Big technology companies like Microsoft, Google, Amazon are also gradually announcing plans to make old-style employee recruitment fully or partially based on AI. 

Studies show that nearly 5 million Filipino workers will be displaced or affected by the rise of the AI ​​sector in the next few years. About 80 percent of US workers are affected by AI to some degree or major, according to a Bloomberg study.

A survey by Microsoft showed that about 74 percent of India's large youth workforce, which is heavily dependent on the information technology sector, is worried about losing their jobs to AI. The report of the World Economic Forum also predicts that by 2030, AI will create about 170 million new job opportunities and AI will completely replace 100 million current jobs. 

AI's latest leap has shown that along with China, India, Germany, Japan, South Korea, the US will affect nearly two and a half million jobs and even displace a large number of them. In the US alone, it is claimed that 40 million jobs will be partially or completely affected by the increased use of AI this year. As major technology and financial companies rethink their workforce development and expansion strategies, there is plenty of room for credence in these study estimates.

(with agency help)

Sajana

Link copied successfully