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We’ll be taking a break from the Memo subsequent week. See you again on March 25.

Good day, Memo readers!

AI is inevitably seeping into the workplace. And whereas some fear the technology could replace workers, an AI trade chief says employees shouldn’t fear concerning the new instruments changing them — they need to fear concerning the individuals who know find out how to use them.

Virtually half of C-suite degree executives just lately surveyed by Deloitte mentioned their firms are presently coaching and upskilling employees to organize for integrating AI into the office, buying different firms already utilizing AI instruments, and hiring for roles targeted on AI. Practically half (40%) of executives within the survey mentioned they’re getting ready to do the identical.

“AI goes to impression and tweak each function, each job. I don’t assume it’s AI that’s going to remove your job. It’s the individuals who know AI and find out how to use AI successfully that’s going to remove your job,” Beena Ammanath, the U.S. know-how belief ethics chief at Deloitte, mentioned in an interview.

“I feel upskilling is not a alternative,” Ammanath added. “Everyone has to essentially perceive the fundamentals of AI and the way AI can assist them do their job higher.” Read more of executives’ survey responses here.


February was a nasty month for layoffs

Layoffs reached their highest degree for the reason that Nice Recession final month within the U.S., with tech and finance leading the pack.

Employers primarily cited “restructuring” as the reason for layoffs. Examples of this may be seen in excessive profile tech layoffs at firms akin to Google. The tech large introduced layoffs in January as a part of a large-scale reshuffling, saying the corporate is shifting to “[invest] in our firm’s largest priorities.” A month earlier, the corporate launched its AI bot Gemini. Different Huge Tech rivals akin to Microsoft, Apple, Amazon, and Meta have all introduced cuts this yr simply as they give the impression of being to ramp up their AI efforts.

Image for article titled The Memo: Boss of the bots

Graphic: Quartz


Extra from Quartz

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The origin of Daylight Saving Time is all about business — not farmers


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Ship questions, feedback, to talk@qz.com. This version of The Memo was written by Morgan Haefner.

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