Key Facts
- IBM automated away nearly 8,000 HR jobs, replacing large parts of its back-end operations with bots and leading to significant workforce reductions in 2024.
2
- Microsoft eliminated approximately 300 roles recently, contributing to a total of 6,000 layoffs in 2024 and 10,000 in 2023 driven by automation.
- Twelve career paths including content writers and junior coders are identified as vulnerable to automation, threatening job security in these fields.
- Geoffrey Hinton warns AI may replace nearly all intellectual jobs within 30 years, putting skilled white-collar roles and entry-level positions at risk.3
- Unemployment among new college graduates surged to 5.8%, especially in technical fields where AI is advancing fastest, according to the Federal Reserve Bank of New York.1
- Hinton highlights social fallout of mass joblessness, warning that universal basic income (UBI) may not address the loss of purpose caused by widespread unemployment.1
- Hinton emphasizes AI's superiority over humans in various domains such as chess and warns of existential risks and misuse by bad actors, including increased cyberattacks facilitated by AI.3
Automation isn’t coming — it’s already reshaping jobs across industries.
Times of India
Geoffrey Hinton, the 78-year-old pioneer of neural networks and 2024 Nobel Physics laureate, has said Artificial Intelligence (AI) may replace nearly all intellectual jobs within the next 30 years — and could become an existential threat to humanity.
Telegraphindia
Hinton said that he is concerned mainly about the second kind of risk. 'We’ve never been in this situation before. We’ve never had to deal with something smarter than us.'
Indianexpress
Key Stats at a Glance
Unemployment rate among new college graduates
5.8 per cent
1
Timeline for AI replacing nearly all intellectual jobs
30 years