AI eliminated nearly 4,000 jobs in May, report says

For those wondering when AI will start replacing human jobs, the answer is it already has.Artificial intelligence contributed to nearly 4,000 job losses last month, according to data from Challenger, Gray & Christmas, as interest in the rapidly evolving technology’s ability to perform advanced organizational tasks and lighten workloads has intensified.The report released Thursday by the outplacement firm shows that layoff announcements from U.S.-based employers reached more than 80,000 in May — a 20% jump from the prior month and nearly four times the level for the same month last year. Of those cuts, AI was responsible for 3,900, or roughly 5% of all jobs lost, making it the seventh-highest contributor to employment losses in May cited by employers.


The job cuts come as businesses waste no time adopting advanced AI technology to automate a range of tasks — including creative work, such as writing, as well as administrative and clerical work. The AI industry is expected to grow to more than $1 trillion fueled by major technological advancements that became apparent last fall with the launch of OpenAI’s ChatGPT bot, a report by Bloomberg Intelligence analysts shows.

This is the first time AI was included on the Challenger report, but not the first time the rapidly advancing technology has made headlines for replacing humans.

Continue reading full article here.

Or if you are ready to learn how Jobspeaker can help you move to a Skill-Based Hiring Approach, schedule a demo today.

author avatar

You May Also Like…

Google Blog Featuring Jobspeaker’s Use of Vertex AI

Google Blog Featuring Jobspeaker’s Use of Vertex AI

Jobspeaker chose to work with Vertex AI for its curriculum-to-skills mapping. After achieving initial success with classification work, Jobspeaker saw opportunities to use new generative AI capabilities in Vertex AI. These tools are now applied to extracting data that identifies and aggregates skills developed in education and maps them to job descriptions.

read more



Terms of Use

Privacy Policy

Help + Tips



How it Works

Contact + Press


Press Kit

News & Stories

Do Not Sell Request

Follow Us For the Latest Updates

Yes! We have a plug-and-play job board – but we offer so much more!

Ability to manage and scale quality hands-on learning experiences.

Finally, a way to make curriculum mapping easy! Jobspeaker maps your curriculum to skills employers demand. Then Skills Mapping™ guides learners to programs that teach the skills needed for their dream job.

Automatically built from a student's completed coursework. It showcases what a student has learned, earned, and how it relates to employment.

Our products bridge the education-to-workforce talent pipeline through an AI data-driven platform matching in-demand skills to career pathways.