US companies announced 153,074 job cuts in October, the highest since 2003, as big techs leverage AI for efficiency, fueling concerns over 'jobless growth' despite record profits and complex labor market impacts.
#YonhapInfomax #JobCuts #BigTech #ArtificialIntelligence #RecordProfits #GoldmanSachsReport #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89817
[Yong Wook Kwon's Panorama] Is the Wave of US Mass Layoffs a Harbinger of 'Jobless Growth'?

US companies announced 153,074 job cuts in October, the highest since 2003, as big techs leverage AI for efficiency, fueling concerns over 'jobless growth' despite record profits and complex labor market impacts.

Yonhap Infomax