Telling move by PwC. They just cut 1,500 jobs in their Audit and Tax division directly citing AI and automation as two of the core reasons.
TL;DR - If what you do today is mostly repetitive and rules based figure out how to move into an area that requires more complex and nuanced decision making. And up-skill in AI.
https://killerstartups.com/nat-tns-pwc-cuts-1500-jobs-overnight-proof-that-automation-not-recession-is-driving-the-layoffs/
Rising Star
Headline of the article is techno-babble. Recession fears=tightening job market=people staying put=lower attrition=layoffs
Chief
Careful about making assumptions and believing corporate explanations. AI is saving me time and it’s a great tool. It will likely cost jobs because people can be more efficient. The last two job cuts accounted for a little less than 5% of the workforce. Do you really think that’s because of AI?
It is very plausible there was a recent article on a company who’s AI agents now account for the work load of 20% of its generated income at a CTC of about 35k a year
Rising Star
You can fly to India and apply. They are hiring.
The article is missing one key point. AI helped drive who to layoff. What is AI? Biased.
This is not correct.
This is Clayton Christensen steel mills lecture all over again. The new technology will eventually improve over time, matching or exceeding the old technology’s performance on certain product attributes. You need to compete on a completely different product attribute instead of retreating downstream to what will become an increasingly smaller and smaller pool.
E.g., you need to compete on creating new knowledge instead of competing on being more “sophisticated” at analyzing current knowledge.
Agree with this
Upskill*
Doubtful that’s the full story
Rising Star
You're just reiterating linkedin posts. "Upskilling to AI" won't save your job if it cane be replaced by AI. I just saw an AI app that can just do data analysis. That will take a lot of peoples jobs and won't be replaced by anything. Really think about this stuff instead of just reiterating linkedin buzz articles and posts by people who also don't know what they're talking about and are talking out of their ass to sound intelligent and relevant.
Classic Booz—fire off hot takes without the facts. There are 3-4 other article about this you can probably find without a security clearance. These cuts were a 2% trim in the US, a small first move on the path to realizing value from their $1B investment in OpenAI over the last 3 years. More cuts and changes to who they hire will follow. Upskilling isn’t about staving off replacement, it’s about staying relevant so you can pivot and stay relevant. If you can’t read between the lines in this, good luck over the next 5 years.
Yeah it’s cause advisory and deals historically are the only groups that make money