Artificial intelligence is fundamentally reshaping the job market, causing even financially successful companies like LinkedIn to implement layoffs as they restructure for the AI era; this trend extends beyond technology to finance and other sectors, creating significant job security concerns, particularly for immigrants dependent on work visas, as companies increasingly rely on automation to operate with smaller teams.
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Indians In The U.S. At Risk After LinkedIn Announces Mass Layoffs| Skyline With Driti AtriAñadido:
You know while AI reshapes jobs, layoffs continue spreading through Silicon Valley.
Now even LinkedIn, the platform people use to search for jobs, is cutting workers itself. That's right. Imagine searching LinkedIn for job while LinkedIn employees themselves are losing their jobs. That irony is now becoming reality. LinkedIn has reportedly begun another round of layoffs affecting hundreds of employees, uh particularly in California. Offices in Mountain View, San Francisco, and Sunnyvale, they're among the hardest hit here. And wait, the timing feels shocking because LinkedIn's revenue, it was actually growing. The company reportedly saw strong year-on-year growth, yet layoffs still happen. [music] Why?
Because this is no longer only about profit. Remember, it is about reconstructing for the AI era.
Executives are now talking about leaner teams, efficiency, and reinvesting work.
Well, these phrases sound corporate and polished, but workers hear something else. Fewer humans, more automation.
Even companies making money are cutting staff because they believe AI can help them operate with very small teams in the future. And this kind of creates >> [music] >> enormous psychological pressure across the tech industry. Employees now do realize that layoffs are no longer only linked to financial crisis here. Even successful companies may reduce jobs simply because AI [music] allows them to. Workers become more anxious.
Competition becomes harder. Job security becomes weaker. And for immigrants dependent on work visas, every corporate reconstructing, it becomes a potential immigration emergency for them. Another major warning is now coming directly from the global banking industry itself.
And this warning is definitely about AI.
We are talking about HSBC, one of the world's biggest bank, has now uh said openly what many workers feared privately.
Artificial intelligence will destroy jobs. [music] And that warning is coming directly from the CEO, Georges, who admitted that AI will eliminate certain position even while creating new ones.
You know, wait. Think about the significance here. For years, companies described AI as a helpful assistant, a productivity tool, something that would support the workers. Now, top executives, they are openly acknowledging job destruction. And the financial industry may only be the beginning. Well, banks are rapidly adopting AI systems for consumer service, data analytics, fraud [music] detection, compliance review, and operational automation. Tasks once handled by thousands of employees can increasingly be performed by intelligent systems operating 24 hours a day.
Now, that message from corporate leadership, it is becoming clear. Adapt or risk becoming irrelevant here. And you know, this is exactly what terrifies many professionals here. Specifically, Indians working in technology, finance, and engineering sector abroad. Because these industries were once considered stable, >> [music] >> elite, and future-proof. Now, even those sectors are facing disruptions from artificial intelligence. And yes, at the very same time, HSBC itself is investing billions into future industries, [music] including AI, clean energy, and advanced technologies. Global corporations are no longer preparing for the AI future. They are already building it.
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