Factbox-Companies cutting jobs as investments shift toward AI

Feb 25 (Reuters) - Investors' and economists' concerns that artificial quality volition upend established industries are deepening, arsenic Goldman Sachs warned connected Tuesday that accelerating AI adoption could propulsion U.S. unemployment higher this year, with occupation losses already emerging ‌in sectors astir exposed to automation.

Goldman economists estimated that the exertion was liable for 5,000 to 10,000 monthly nett ‌job losses successful the astir exposed U.S. industries past year, and accounted for 7% of full planned layoffs successful January.

Here is simply a database successful alphabetical bid of ​announced planetary layoffs linked to AI from past October going on:

AGORA

Polish media radical successful December said it planned to laic disconnected up to 166 employees, oregon 6.56% of its workforce, arsenic portion of a restructuring to amended its integer business.

ALLIANZThe German security radical plans to chopped up to 1,800 jobs successful its question security part arsenic AI progressively replaces manual processes, a root acquainted with the plans told Reuters past November.

AMAZONThe ‌tech elephantine confirmed 16,000 firm occupation cuts connected ⁠Jan. 28, leaving unfastened the anticipation of further reductions arsenic it pursues an AI‑ and efficiency‑driven overhaul.

AUTODESKThe U.S. design‑software shaper said connected Jan. 22 it would shed astir 7% of its planetary workforce, oregon astir ⁠1,000 jobs, arsenic it redirects spending to its unreality level and AI initiatives.

BRITISH AMERICAN TOBACCOThe cigarettes, baccy and nicotine products seller announced connected February 12 a caller AI-driven productivity programme expected to pb to occupation cuts, without specifying however overmuch of the workforce would beryllium affected.

DOWThe U.S. chemic shaper ​said ​on January 29 it volition slash astir 4,500 jobs, 13% of its ​total workforce, arsenic it streamlines each its end-to-end enactment ‌processes by utilizing automation and AI.

HP INCThe U.S. machine and printer shaper said past November it expects to chopped 4,000 to 6,000 jobs globally by fiscal 2028 arsenic it streamlines operations and adopts AI.

MERCADOLIBREThe Brazilian e‑commerce institution laid disconnected 119 radical successful an AI‑expansion move, Folha de S. Paulo reported connected Jan. 12.

METAThe proprietor of Facebook and Instagram is cutting implicit 1,000 jobs astatine its Reality Labs portion successful a pivot from the Metaverse to AI devices, Bloomberg reported connected Jan. 13.

Meta is besides cutting astir 600 positions retired of ‌the respective 1000 roles successful its Superintelligence Labs, the societal media platforms proprietor ​said successful October.

NIKE

The sportswear elephantine is laying disconnected 775 employees, a root acquainted ​with the substance told Reuters successful January, arsenic the steadfast ​looks to boost profits and accelerate its usage of automation.