AI cited in close to 50,000 job cuts this year as tech giants accelerate automation [Los Angeles Times (CA)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Los Angeles Times
Among the reasons it cited was “the increased use of artificial intelligence.” Weeks later, Dutch lender ING Groep NV said nearly 1,000 positions were at risk from “digitalization, AI, and evolving customer needs.” And earlier this month, Krafton Inc., a South Korean video game company, said it intended to freeze hiring to focus on an “AI-first” approach to development. For much of the AI boom, many companies shied away from attributing job cuts to artificial intelligence for fear of attracting negative headlines. But in recent months, large firms across industries and geographic regions have become more vocal with claims that AI is allowing them to eliminate staff and reduce hiring. In earnings reports, investor presentations and company memos, executives have been touting efficiency gains from artificial intelligence and framing a shrinking or flat workforce as preparation for an increasingly AI-driven economy. AI has been cited for 48,414 job cuts announced in the US so far t
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ING
Earnings
- 10/30/25 - Miss
ING
Sec Filings
- 12/2/25 - Form 6-K
- 11/28/25 - Form 6-K
- 11/24/25 - Form 6-K
- ING's page on the SEC website