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This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
To make a bad situation worse, today, the 38 member Organization for Economic Cooperation and Development (OECD) reported that the artificial intelligence megatrend, which has just begun, will result in the loss of some 27 percent of the labor force as automated AI replaces humans.
They also reported that three out of five workers are afraid that over the next 10 years AI will replace them. And to make a bad situation worse, the OECD survey was done before the emergence of ChatGPT.
As though the political clowns and bureaucrats have the skills to do so, the OECD Secretary General Mathias Cormann declared that “Governments must help workers to prepare for the changes and benefit from the opportunities AI will bring about.”
Here is a list of some of the latest job cuts:
- Dunzo – 50 percent
- Microsoft – 276
- EverQuote Inc. in Evansville MD – 100
- Progressus Therapy LLC – 250
- IntelyCare – 30+
- Capsule – 13 percent
- Viaplay ( International ) – 1,000
- Houston ISD – 640
- EverQuote – Layoffs reported
- Pitney Bowes – 311
- Garnet Health – 49
- Verily – 15 percent
- Tesla ( China ) – Layoffs reported
- connectRN – 57
- Amdocs – 2,000
- Voxx Automotive Lake Nona HQ – 54
- ClickUp – 90
- Packers Sanitation Service – 125
- MasterCraft Boat Company – 24
- Global Credit Union – 185
- Countryside Health Care Center – 100
- Sumo Logic fires 79
- Dawn – 55
- Walgreens – 400
- United Natural Foods Inc. – 60
- Snyder’s-Lance Inc. – 125
- Matterport fires 30 percent
- JPMorgan Chase cutting 63