Goldman Says AI Layoffs Could Leave a Lasting Scar
Goldman Sachs says AI-linked layoffs could leave a long-lasting scar on workers, comparing it to the effects of past tech changes over the last 40 years. For people who lose jobs, the impact may last far beyond the layoffs themselves, the bank argues.
Quick glossaryGoldman Sachs, Layoffs, Scar
- Goldman Sachs
- A large US investment bank, best known for banking, trading, and advising companies on deals and large financial transactions.
- Layoffs
- Layoffs are job cuts, where a company removes staff from its payroll, often to save money or reduce costs during hard times.
- Scar
- A lasting effect that remains after a hard event, like a setback that keeps hurting someone's career or income for many years.
Burning Potato score: 75%