IBM Plans to Stop Hiring Humans for Jobs that AI can Handle

3.4%

According to The Wall Street Journal, the immigrants in the U.S. labor force has reached a new high of 3.4%. This indicates a significant growth in the immigrant workforce within the country. The report also shows an increasing importance of immigrants in various sectors of the economy and their contribution to the overall labor market.

10,000

BT has announced it replace at least 10,000 workers, mostly in customer service and network management, with AI-powered tools over the next decade. Similarly, IBM's CEO, Arvind Krishna also stated that the company will stop hiring humans for jobs that AI can handle. These decisions reflect the increasing trend of utilizing AI technology to automate tasks previously performed by human employees.

300,000

The LinkedIn news article revealed that approximately 300,000 white-collar jobs have vanished from the U.S. job market. This decline is attributed to the increasing automation and technological advancements in various industries. The article highlights the challenges faced by workers in traditional office-based roles and emphasizes the importance of adapting skills to match the evolving demands of the job market.

26% 

Zepz, the fintech unicorn that owns WorldRemit, has laid off 26% of its workforce. The company's decision to downsize its staff is attributed to a reassessment of its growth plans and cost-cutting measures. The layoffs reflect the challenges faced by fintech companies in a competitive market and highlight the need for strategic adjustments to ensure long-term sustainability.

30%

Autonomous delivery startup Nuro is planning to lay off 30% of its workforce. The company's decision to downsize is attributed to a reevaluation of its growth strategy and a focus on long-term sustainability. The layoffs reflect the challenges faced by the autonomous delivery sector and the need for companies to adapt to market dynamics.