'I don't think we're going to have the kind ​of jobs apocalypse that some…advocate or talk about': OpenAI CEO Sam Altman says he's 'delighted to be wrong' about AI-induced job cuts

4 days ago 5

Rommie Analytics

If you have been keeping a close eye on news reports about companies dropping employees and replacing them with AI, and you're worried about what the future holds for your own job, then you're not alone. But don't fret: OpenAI's Sam Altman reckons that it's not going to be as bad as you might think, and that a "jobs apocalypse" isn't likely to happen.

Just so that everyone is reading from the same script here, I'm being sarcastic when I say 'don't fret.' That's because, despite Altman saying, at a Commonwealth Bank of Australia conference (via Reuters), "I thought there would have been more impact on entry-level white-collar jobs being eliminated by now than ​has actually happened," the evidence of the true scale of AI-induced job cuts makes for grim reading.

In this month alone, Intuit dropped 3,000 staff, and Meta let go of more than double that number. Standard Chartered's CEO said it plans to Read Entire Article