business / news / / Daily Mail Online
Wall Street giant says tech employees displaced by automation are facing a tougher road back into work than those in more stable industries.
Goldman Sachs warns tech workers displaced by AI face longer unemployment and lower re-employment pay.
KEY POINTS
- AI-driven layoffs accounted for about 25 percent of US job cuts in March 2024.
- Displaced tech workers take about one month longer to find new jobs than those in stable sectors.
- Re-employed tech workers experience real earnings losses of over 3 percent after AI-related layoffs.
COMPANIES
Summarized by Newsio from Daily Mail Online. How we summarize →