‘We are focusing our capacity where it matters most to customers’, a Thomson Reuters spokesperson said.
Thomson Reuters, the Canadian parent company behind Reuters News, is cutting up to 500 engineering jobs, joining a long list of technology providers shedding their workforce in preference for AI.
Layoffs at the content and technology company would affect around 1.8pc of its global workforce of 21,700, and around 5.2pc of its 9,400-strong operations and technology unit.
These latest layoffs come as economists and technology leaders, in a fresh joint statement, warned against the negative effects of wide-spread and uncontrolled AI adoption on economies, including large-scale job displacement.
Similarly, the Economic and Social Research Institute, earlier this year, found that AI adoption in Ireland is likely to lead to “moderate increases in income inequality” in the short run.
