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AI Dominating IT Jobs and Layoffs: The Numbers

Artificial Intelligence (AI) has significantly impacted the IT industry, with many job roles becoming automated. While AI has created new job opportunities, it has also led to the loss of jobs. In this blog post, we will explore the numbers behind AI dominating IT jobs and the resulting layoffs. The Impact of AI on IT Jobs According to a report by Gartner, AI will create 2.3 million jobs by 2020 and eliminate 1.8 million jobs. This indicates that while AI will create new job opportunities, it will also lead to the loss of jobs. The report further states that AI will significantly impact the IT industry, with job roles such as data center operations, IT support, and help desk support becoming automated. Moreover, a survey by TechRepublic indicates that 40% of IT leaders believe that AI will replace at least 1 in 5 of their company's jobs in the next five years. This implies that AI is not only impacting entry-level jobs but also mid-level and senior-level jobs.
The Numbers Behind Layoffs Several companies have already started to lay off employees due to AI automation. For instance, in 2019, IBM laid off approximately 1,700 employees in the US due to the adoption of AI. Similarly, Cisco Systems Inc. laid off 500 employees in 2020 due to the adoption of AI technology. Moreover, according to a report by Forrester, by 2021, AI will lead to the loss of 9% of US jobs. This implies that the impact of AI on the job market will be significant. The report further states that the manufacturing, retail, and transportation sectors will be the most impacted by AI automation. The Future of IT Jobs The impact of AI on IT jobs is undeniable, and it is essential for IT professionals to adapt to this changing job market. AI is creating new job opportunities, such as AI engineers, data scientists, and machine learning engineers. However, these job roles require a different set of skills compared to traditional IT jobs. Therefore, IT professionals need to upskill themselves to remain relevant in the job market. Additionally, companies need to invest in reskilling their employees to adapt to the changing job market. This will not only help employees retain their jobs but also enable companies to leverage the benefits of AI automation. Conclusion In conclusion, AI is significantly impacting IT jobs, with many job roles becoming automated. While AI is creating new job opportunities, it is also leading to the loss of jobs. The numbers behind layoffs due to AI automation are alarming, and it is essential for IT professionals to upskill themselves to remain relevant in the job market. Companies need to invest in reskilling their employees to leverage the benefits of AI automation.

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