Verizon The CEO wants his contemporaries to be open about AI-related job losses.
“It’s a very difficult time, everyone knows that.” And Shulman This was stated in an interview with the Wall Street Journal published on Sunday (April 19). “So I think being authentic and realistic and telling the truth the best you can” is crucial.
He added that this belief is the reason why the telecom company launched a $20 million career transition and retraining fund for the “age of artificial intelligence” when the company was The cutting began 13 thousand jobs last year
“Change is necessary, but it can be difficult,” Shulman, Former CEO to PayPal He wrote in a letter to workers at that time.
The Wall Street Journal describes these warnings as a departure from CEOs at other public companies: excited about the potential of artificial intelligence but reluctant to discuss job cuts.
For example, Amazon CEO Andy Jassy told CNBC in February that although some roles will be replaced, “there will be Other jobs were created“.
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However, the report noted that many companies mentioned AI when they began significantly cutting jobs. For example, Block nearly halved its headcount earlier this year and expects other companies to follow the same path.
The Wall Street Journal also cited A Boston Consulting Group The report predicts that AI will reshape about half of US jobs within two to three years, with 15% of them eventually eliminated.
The report also describes Shulman recommending that employees use AI to write obituaries to see how it describes their lives, or use it to write poems for loved ones.
“Like it or not, we live in the age of artificial intelligence,” he said in the interview. “And I like that.” “It’s as if we all wanted to live in the Renaissance, or when fire was first invented – how cool would that be?” He added. “We’re at that point. We’re not appreciating it for what it could be.”
When writing about the threat of AI-related job losses following Block’s layoffs, PYMNTS argued that the changes were… Follow the pattern Similar to previous computing courses.
“The introduction of personal computers reduced demand for some clerical roles but fueled growth in IT services, software development and digital marketing. The Internet reshaped retail and media but created entirely new sectors in E-commerce “AI appears to be accelerating this restructuring process, particularly in the field of artificial intelligence,” PYMNTS wrote Industries like FinTechLarge parts of the work involve data, transactions and risk analysis.
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