Brace for more company layoffs!
Brace for more company layoffs!
As long as AI's growing, layoffs won't stop. Let's wait till this "AI evolution" saturates.
Three things –
The Unstoppable Wave of AI-Induced Layoffs
The Machine Mindset: A New Era of Management
Preparing for the Post-Layoff World
The Unstoppable Wave of AI-Induced Layoffs
More than 220k employees were laid off last year. The number is just unbelievable.
We need to brace ourselves for a continuing trend in the business world: more company layoffs. And it's not a sign of failure or mismanagement but rather an indication of an evolutionary shift driven by, you guessed it, AI.
Across industries, the critical question being asked is, “Can this job be done by AI?” If the answer is yes, then it often leads to a hard but inevitable decision: a team member's role becomes redundant.
This trend isn't just a phase; it's the reality of the AI evolution gripping the corporate world. Managers and decision-makers are increasingly adopting a machine-like mindset, focusing on efficiency and scalability – attributes that AI excels at.
The Machine Mindset: A New Era of Management
The way managers think is changing. Gone are the days when decisions were made purely based on human factors. Today's managers are trained to think like machines, valuing efficiency and cost-effectiveness above all.
That wasn’t even due to AI; it was due to our acceleration in business in general. Everything needed to happen swiftly, especially in the startup world.
Now the rationale is straightforward: if a machine can do a job faster, more accurately, and at a lower cost, it makes little business sense to keep a human in that role.
This machine-like thinking is reshaping the corporate landscape, leading to tough decisions and, unfortunately, more layoffs.
Preparing for the Post-Layoff World
But there's a light at the end of this tunnel. This phase of AI-driven layoffs will eventually hit a point where the answer to "Can AI do this?" will be a "no."
That's when we'll see the emergence of new job roles – positions that we haven't even thought of yet. This is not just about replacing lost jobs but about creating entirely new fields and opportunities.
Now is the time to prepare for this imminent future. This means upskilling, staying adaptable, and being ready to embrace new roles that will emerge from the AI revolution.
We're not just talking about jobs in tech; AI will create a ripple effect across various sectors, necessitating new skills and roles.
The ongoing wave of company layoffs is a part of the evolutionary process brought about by AI. While it poses significant challenges and uncertainties, it also opens the door to a future filled with new opportunities and roles.
The key is to stay prepared, adaptable, and open to the endless possibilities that this AI evolution age will bring. So, for now, go read a book about an industry you’re interested in or practice a talent; You’ll need this in the future.