Business & Economy · 2 views
AI could displace one in 11 workers, Goldman says, but the layoffs are likely waiting for a recession
The AI layoff panic that peaked this spring has gone quiet. Goldman Sachs thinks the layoffs are waiting for a recession.
Summary
The AI layoff panic that peaked this spring has gone quiet. Goldman Sachs thinks the layoffs are waiting for a recession. “Concerns of imminent AI-related labor displacement have cooled in recent months after hitting a fever pitch this spring,” Goldman economist Joseph Briggs wrote in a note published Thursday. Then he laid out what may be coming.
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