Disrupted or Displaced? How AI Is Shaking Up Jobs
Australian Financial Review
SKIPPED
Details
- Date Published
- 9 June 2025
- Priority Score
- 2
- Australian
- No
- Created
- 15 June 2025, 12:45 pm
Description
Recent examples of AI-driven lay-offs, from IBM to Duolingo, are fuelling questions about whether a slash and burn of white-collar roles is under way.
Summary
The article examines how advancements in artificial intelligence are impacting the job market, highlighting cases of AI-driven layoffs at companies like IBM and Duolingo. The technology's ability to automate tasks is reducing the need for human labor, as demonstrated by Ocado's reduction in workforce despite increased efficiency in fulfilling online grocery orders. While it does not directly address catastrophic AI risks, the piece underscores the significant societal and economic shifts driven by AI. It contributes to the discourse on AI governance and safety by framing the conversation around the potential for widespread job displacement.
Body
Anjli RavalJun 10, 2025 – 12.31pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginDuring Ocado’s most recent earnings call, chief executive Tim Steiner said the group’s advances in artificial intelligence and robotics had allowed it to fulfil online grocery shops at an ever faster pace.In 2012, it took 25 minutes of human labour to pick a 50-item order. That is now down to 10. But Ocado’s technological progress means the company requires 500 fewer workers this year, after it already announced 2300 jobs would be at risk in 2023.Loading...Financial TimesSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFollow the topics, people and companies that matter to you.Find out moreRead MoreAIPwCLinkedInUKGoogleModernaAutomationFetching latest articlesThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)Forget WFH – what it’s really like to ‘work from anywhere’Rachael BoltonThe US governance model taking over Australian boardroomsThis CEO wakes at 5am, but doesn’t get in to work till 10amRunning and a ‘cheeky’ vice set this Sydney CEO up for the dayLife & LeisureWhy this new Australian electric motorbike is a game changerOne of Australia’s most loved authors reveals her weekend ritualsBillionaires Escalante and Arnaout taking liberties with ASICPrimrose RiordanCinema giant flags part-sale of Sydney’s George Street complexAnnie Cannon-Brookes steps out on her own