Source: Fortune
Summary
Tech billionaire Peter Thiel predicted that math skills will become less relevant in the job market due to AI automation. Recent layoff announcements from companies like Block, Bank of America, and Wells Fargo seem to support this idea. However, LinkedIn’s recent study found a rising need for communications and creative thinking skills, which are in demand. Companies are looking for great communicators, and job postings mentioning “storytellers” have doubled over the last year.
Our Reading
The numbers tell one story.
Bank of America CEO Brian Moynihan says AI allows the company to “do more with the same amount of people or less people.” Wells Fargo CEO Charlie Scharf indicates that the bank is doing more because of AI, but hasn’t cut jobs yet. JPMorgan’s CFO has told managers to avoid hiring people as the bank implements AI. These announcements sound familiar, as companies use AI as a reason for reducing headcount.
One thing is clear: the math people are facing a different job market.
Author: Evan Null
