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Stock impact report

6 companies that have signaled they are replacing human employees with AI [Business Insider]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Companies like HP, IBM, and Amazon are replacing jobs with AI. HP plans to cut up to 6,000 jobs by 2028, citing AI-driven productivity measures. IBM and Amazon have both linked workforce reductions to increased use of AI. Worries about AI one day replacing human workers have intensified in recent years — and as it turns out, that future has already arrived. MIT just released a study that found that AI can already replace 11.7% of the US labor market. The study utilized a labor simulation tool called the Iceberg Index, which models 151 million US workers and measures how AI overlaps with skills in each occupation. As AI starts to replace human workers, companies have been increasingly open about the role AI adoption is playing in recent layoffs. However, while some companies have directly cited AI as a reason for workforce reductions, othe Show less Read more
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