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AI advances and layoffs: Is the white-collar job market shrinking?

Business Standard LogoBusiness Standard3d ago

AI advances and layoffs: Is the white-collar job market shrinking? - Business Standard

Quick Summary:

A software engineer at a large tech company who declined to be named for fear of harming his job prospects said that his team was about half the size it was last year and that he and his co-workers were expected to do roughly the same amount of work by relying on an A.I.assistant.

Trump’s attempts to remake the federal government, which have so far resulted in job losses and hiring freezes for federal employees and employees at universities and other nonprofits that rely on government funding.

Atif Rafiq, the author of a book on corporate strategy who has held senior positions at McDonald’s and Amazon, said many companies were seeking to emulate Amazon’s model of building cross-functional teams that reduce barriers between workers with different expertise, like coding and marketing.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 23:12:55 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1118 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27357266

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 113 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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