AI Impact on Workforce: Even though companies are not saying this openly, they are ready to replace their employees with AI when they get the opportunity. In a study, 9 out of 10 companies said that they are ready to replace employees with AI to increase productivity and reduce costs. Let us tell you that many companies including Amazon have started doing this and in the last few months a large number of people have lost their jobs due to AI.
Companies want to invest money on AI instead of employees
In this study conducted in America, about 90 percent of the companies said that if the departure of employees gives them an opportunity to invest more money on AI, then they are happy with it. An equal number of companies also say that now AI can do more work and in view of this they are ready to reduce their workforce. Companies also know that hiring is not happening now and they will not have to face opposition if they take such decisions. Many senior business leaders who participated in the study say that now it is more important to invest in AI rather than employee satisfaction.
Amazon is an example of this
The trend seen in the study can be understood with the example of Amazon. The company has laid off 16,000 people under the restructuring plan. The company says that this decision has been taken to simplify decision-making and make the teams smaller. Now Amazon is investing heavily in AI and is expecting huge profits from it. With the help of AI, the company wants to take its annual revenue to Rs 55 lakh crore.
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