Introduction of Artificial Intelligence (AI) and Organizational Restructuring
Recently, as Big Tech companies, including Microsoft, accelerate the introduction of AI technology, large-scale workforce reductions have begun. Microsoft has announced that it will lay off more than 6,000 employees regardless of performance. This restructuring can be seen as part of the company's efforts to improve work efficiency through artificial intelligence and its future strategy. In South Korea, KT also implemented voluntary retirement for approximately 2,800 employees at the end of last year to reorganize its business based on AI, indicating that the introduction of AI is having a significant impact on corporate management.
Developer-Focused Layoffs and Changes in the Hiring Market
Notably, software developers account for more than 40% of the total layoffs, and the number of job postings for new and experienced developers has decreased significantly. According to HR and recruitment platforms, job postings in the domestic IT industry in the first quarter of this year decreased by 13.4% compared to the previous year, and new developer recruitment decreased by as much as 18.9%. As AI has developed to the point where it can perform basic coding tasks, many companies are expanding the use of artificial intelligence and reconsidering their existing talent recruitment patterns.
Impact on the Economic and Financial Markets
These workforce reductions by Big Tech companies are not limited to the hiring market. Changes in corporate management strategies across the economy are linked to the financial markets, drawing significant attention from investors. Goldman Sachs, an American investment bank, predicted that 300 million existing jobs could disappear by 2035 due to IT sector workforce reductions. As such, technological advancements and restructuring directly impact the economic and financial environment, potentially increasing market uncertainty.
Big Tech Era: Talent Management and Future Countermeasures
The large-scale layoffs that Big Tech companies are implementing along with the introduction of artificial intelligence can be seen not only as short-term cost reduction measures but also as a preparation process for strengthening long-term corporate competitiveness. Within the next five years, AI technology will advance to the point where it competes with humans, and the replacement of manpower is becoming increasingly realistic. Accordingly, companies need to reorganize their future talent management, education, and recruitment strategies, and the economic and financial sectors must also prepare appropriate policies and responses.
This restructuring issue, examined with key keywords such as economy, finance, artificial intelligence, Big Tech, and recruitment, is intertwined with changes in global IT and economic trends. It is necessary to carefully observe how these changes will affect our daily work environment and economic structure in the future.
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https://mbiz.heraldcorp.com/article/10496043
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