The layoffs won’t stop anytime soon.

🌈 Abstract

The article discusses the growing impact of AI on the job market, particularly in the tech industry, and the need for employees to adapt and learn new skills to stay relevant. It highlights the recent wave of layoffs in the tech sector, largely attributed to the rise of AI, and provides insights on how individuals can prepare for this changing landscape.

🙋 Q&A

[01] The Impact of AI on the Job Market

1. What are the key points made about the impact of AI on the job market?

• The article states that an estimated 165,000 tech employees were laid off in 2022, more than in 2020 and 2021 combined, and that over 262,000 jobs were lost in 2023, largely due to the rise of AI.
• It mentions that the IMF estimates that nearly 40% of jobs globally could be threatened by the rise of AI.
• The article emphasizes that AI is becoming more embedded in almost every industry, and the world is moving forward, so individuals need to keep up to avoid being left behind.

2. What are the two things the article suggests people should do to avoid being left behind?

1. Acceptance: The article states that AI is changing the game and is here to stay, so people need to accept this reality rather than rejecting it.
2. Learning: The article encourages people to learn how to leverage available AI tools and resources, rather than trying to learn how to code or build their own AI systems.

3. What example does the article provide of how the author is adapting to the rise of AI? The article mentions that the author, a business writer and consultant, initially panicked when the GPT hype took off, as AI was able to write business plans in less time than it took the author. However, the author decided to experiment with different AI prompts and eventually invested in building an AI platform to transform their expertise into a machine, allowing them to "swim with the current instead of drowning in resistance."

[02] Preparing for the AI-Driven Job Market

1. What does the article suggest for those who are not AI experts or skilled enough to get the most value from AI? The article states that there is a gap in the market between AI and humans, as not everyone is an AI expert or skilled enough to get the most value from AI. To address this, the author is building an "AI platform" with a focus on helping others inject their unique expertise into AI to generate outputs based on their skills, creating a channel to aid the transition.

2. What does the article encourage readers to do to keep up with the shifting job market? The article encourages readers to test and leverage the available AI platforms for their own benefit, stating that this stage is critical and the more time invested now, the more time will be saved in the future.

3. Does the article suggest any industries that may be exempt from AI's influence? No, the article does not suggest any industries that may be exempt from AI's influence. Instead, it emphasizes that AI is becoming more embedded in almost every industry, and the world is moving forward, so individuals need to keep up to avoid being left behind.