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Tech Companies Investing in AI Lead to Job Cuts

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SAP is investing $2 billion in AI integration and restructuring 8,000 roles, leading to job cuts and re-training of workers.

Technology companies are investing heavily in artificial intelligence, and some workers are already paying the price.SAP is the latest big tech player to cut jobs as it pours money into AI, with the German software giant announcing this week that it is investing more than $2 billion to integrate artificial intelligence into its business as part of what it called 'transformation program.' At the same time, the company said Tuesday it plans to restructure 8,000 roles.

Some of the workers will be laid off, while others will be re-trained to work with AI. The company said it expects to employ roughly the same number of workers at year's end as it does now. SAP is not an outlier. In the little more than a year since generative AI tools like ChatGPT, based on so-called large language model technology, have been available to the public, a number of large tech companies have announced plans to plunge into AI — job cuts often follo

 

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