First It Was Covid-19 Forcing Workers to Stay Home, Then Massive Downsizing, Then Preparing For Recession, Now AI Threatens Even More Office Jobs
Artificial intelligence may allow companies to dramatically reduce their workforce. Bisnow May 8, 2023, “IBM CEO Arvind Krishna told Bloomberg that back-office functions like HR would be paused in many cases because the roles can be undertaken by AI. He said the company employed about 26,000 people in noncustomer-facing roles, and about a third of these, or 7,800 people, could be replaced by AI or automation.” This is one of the first corporate hints of how significant AI could be to reducing the need for office space, and with Chatgpt being touted by some of the tech industry leaders as having the potential to change our life in the way the internet did, what will all this do to demand for office space?
