AI Job Cuts: A Growing Trend
Update: 2025-11-19
Description
Artificial Intelligences Impact on Job Market: A Growing TrendCompanies worldwide are increasingly turning to AI to streamline operations and cut costs, leading to job cuts and hiring freezes. German airline Lufthansa plans to eliminate four thousand administrative positions by 2030, while Dutch bank ING Groep and South Korean video game company Krafton also announced job losses due to digitalization and AI. In the US, over forty-eight thousand job cuts have been linked to AI this year, with more than thirty-one thousand in October alone. This trend has sparked debate among policymakers about the true motivations behind these cuts. As companies grapple with economic uncertainties, AIs role in shaping employment strategies is becoming more apparent.
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