Not only are jobs gone when a large corporation announces layoffs, but many people’s hopes, dreams, and equilibrium also begin to wane. When Alison Kirby, the CEO of the British telecom corporation BT Group, suggested that job losses would be even more likely as a result of AI, or artificial intelligence, employees of the company experienced a surge of anxiety.
The growing impact of AI may lead to increased layoffs.
In an interview with the Financial Times, Alison Kirby stated that AI might make the layoffs that BT is currently experiencing even more severe. According to her, using robots to do tasks rather than people is becoming more efficient as AI’s capabilities grow. Although this lowers the company’s expenses, it has a significant effect on human resources.
An indication of the business’s updated Openreach plan
During the conversation, Kirby also made a significant statement regarding Openreach. The CEO claims that the share price of BT does not yet accurately reflect the true value of this entity, which is connected to the company’s network backbone. Should this circumstance persist, the business might give the possibility of splitting Openreach a spin-off some serious thought.
The official announcement and the latest developments of BT Group
However, in an email to Reuters, BT stated that Openreach does not currently have any active plans. The business also disclosed that its yearly profit and cash flow had been greatly enhanced by the robust demand for fibre internet and the £900 million in cost savings. This suggests that the business is leveraging technological advancements to bolster its finances, yet concerns about the employees’ futures remain.
A final reflection
Although technological advancements make our lives easier, they also have the potential to endanger many lives. Talk of AI-related layoffs at large corporations like BT Group suggests that the future may be even more cautious for those in employment. In order to keep our abilities in demand, it is critical that we promptly adjust to new technologies.
Disclaimer: This article has been prepared based on information received from various reliable media sources. The information given in it may change with time. Readers are requested to confirm from the relevant official sources before taking any final decision.
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