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'Stop Hiring Humans'? Silicon Valley Confronts AI Job Panic
Companies are cutting entry-level hiring as AI automates work, with SignalFire saying hiring of workers under one year of experience fell 50% from 2019 to 2024.
At the HumanX conference in San Francisco, 6,500 executives and investors gathered as May Habib, chief executive of Writer, told the audience that Fortune 500 bosses are having a "collective panic attack."
Salesforce recently laid off 4,000 customer support workers, stating that AI now handles 50 percent of its work as companies increasingly cite artificial intelligence to justify staff reductions.
Contesting the narrative, some economists argue these layoffs rationalize past overhiring or cost-cutting efforts, with OpenAI's Sam Altman speaking of "AI-washing" where firms use AI as a pretext.
Former vice president Al Gore warned, "We should be preparing for the loss of knowledge work jobs in a number of categories," urging action plans to assist workers with career transitions.
Greg Hart, chief executive of Coursera, noted that human skills like critical thinking will distinguish employees, while Dataiku chief executive Florian Douetteau told AFP that real human value is "capacity for judgment.
"Stop riding humans" (stop hiring humans), proclaims the advertising of an exhibitor at the entrance to HumanX, a conference bringing together about 6,500 investors, entrepreneurs and executives of technology.