Reuters (March 30)
In India, artificial intelligence has already facilitated significant job cuts. Major downsizing by Oracle and Amazon appears to be “just the beginning of the headcount reductions.” The ensuing jobs crisis in the “vast outsourcing industry spells trouble for the country’s $4 trillion consumption-led economy.” The long-term impact “of AI on the global workforce may ultimately create more jobs. First, though, it may turn India’s already weak consumption and much-vaunted demographic dividend into a nightmare.”
Tags: $4 trillion, AI, Amazon, Consumption-led economy, Crisis, Demographic dividend, Global workforce, Headcount reductions, India, Jobs, Oracle, Outsourcing, Trouble
Wall Street Journal (July 28)
“Big companies are getting smaller—and their CEOs want everyone to know it.” Executives used to tiptoe around staff cuts, trying to avoid linguistic landmines. In contrast, corporate leaders are now “recasting the headcount reductions as accomplishments that position their businesses for change.” Similarly, they are increasingly likely to view “large workforces as an impediment, not an asset.”
Tags: Accomplishments, Asset, Big companies, CEOs, Corporate leaders, Executives, Headcount reductions, Impediment, Landmines, Recasting, Staff cuts, Tiptoe, Workforces
