According to Challenger, Gray & Christmas, the tech sector has already eliminated 5% more jobs this year than it did in the all of 2022, and it is on pace to surpass 2001's job losses.
Workers are terrified of being replaced entirely as well as being laid off.
According to a recent Goldman Sachs analysis, automation and AI have the potential to affect 300 million employment worldwide.
Add ChatGPT to the list of things that employees are concerned about, reflecting the development of this artificial intelligence-based chatbot that is gradually making its way into the office, as if there weren't already enough layoff worries in the tech business.
The number of layoffs is on pace to surpass 2001's job loss figures, which were the worst for the tech industry owing to the dot-com meltdown.
Employees are terrified of being replaced entirely as layoffs continue to increase, in addition to being terrified of being laid off. According to a recent Goldman Sachs report, automation and artificial intelligence would have an influence on 300 million employment worldwide.
GPT technology can assist workers in more than just having conversations. ChatGPT is one sort of GPT tool that employs learning models to produce human-like responses. Particular occupations appear to be impacted more than others, particularly in the tech sector.
In a recent study, OpenAI, the company that created ChatGPT, estimated that the introduction of learning models in GPT technology might affect at least 10% of the job tasks performed by about 80% of U.S. workers, and that it might affect 50% of the tasks performed by about 19% of workers.