The Layoff Epidemic – Should we be worried?

The global economy is in a state of flux and layoffs have become a reality for many companies. In times like these, companies are looking for ways to streamline processes and cut costs. While the world economy is taking a hit and affecting jobs, Artificial intelligence (AI) is proving to be a fantastic tool in increasing efficiency. AI is able to automate tasks, reduce human error, and provide insights that can help businesses make informed decisions. There are a variety of AI tools available, each with its own unique benefits. From chatbots that handle customer service inquiries to predictive analytics that help companies make data-driven decisions, AI is becoming an increasingly essential tool for businesses of all sizes. Its ability to process and analyze vast amounts of data in real-time has made it a valuable asset in optimizing processes and improving decision making. Whether it’s to improve efficiency, reduce costs, or enhance the customer experience, AI is changing the game and businesses are taking notice.

At the same time, we do understand the stress of having your job at risk. Even though there were sectors that were functioning, the feeling of normalcy had simply disappeared. Having your job in question is without a doubt a big worry. 

And now with Artificial intelligence advancing, the possibility is that we might have our work taken away from us. On one hand, it can be very thrilling to imagine working with technology we’ve only watched in movies. But on the other hand, you don’t want that technology to take away what’s ours, and what we have studied, paid college loans and worked so hard for. In uncertain times like these, what is a common man to do? 

However, one thing to consider is that when we talk about AI, we don’t only mean robots looking like humans, or machinery that is solely operating us. Has it ever happened to you when you’re online shopping and your search shows you exactly what you’ve been looking for? That is because of AI. Banking fraud, cyber security, and your data privacy, all can be stopped and protected with the help of AI. Not only that, even the Army of many countries has been getting its hands on AI technology during wars and hacking attacks. 

The wise step now would be to stay updated with AI advancements and educate yourself on the new and latest tools that are being used. Here are some Social Media marketing AI tools that can help you grow in your respective roles. 

Fireflies – From transcribing meetings and recording them, to sending them to specific apps. This tool can log calls, and take notes and transcripts under particular contacts. 

QuillBot – Summarize and paraphrase your work with this state-of-the-art AI. It will reduce your writing time of yours by half. 

Jasper – A copywriting tool that functions with the power of AI and machine learning. It automatically produces persuasive and enticing copies of your posts. Be it social media, ads, emails, etc. 

Heyday – It is a platform for brand creation, that messages customers as a human on behalf of your company and sounds almost like a member of your team. 

ChatGPT – Another powerful AI bot that engages in dialogue like a human. It will answer any question of yours, all you have to do is ask. Writing resumes, debugging codes, poems, social media content, etc. 

Another fact to remember is that no matter how forward AI goes, it will still require humans for its programming and functioning. Similar to the time when computers were newly invented, they opened up a whole pool of opportunities for the information technology sector. Today, the need for IT professionals, developers, and technicians has grown exponentially. Similarly, we can hope to pave the way to co-exist with robots in the future as well. 

But, if you still fear the risk of being laid off, it’s always good to have a Plan B in place. Here are a few self-help steps to take to get through the uncertainty.

Figure out your options – When you feel your industry is at risk, and you see your colleagues being laid off, it’s time to think about your options. If you have other areas of expertise that can be brushed on, then it’s time to do that. Make a list of other skills you have and what you can do to get better at them for a job. 

Get Professional help – Being laid off is no good news, however, it is not the end of the world too. Many recruitment agencies are available to help you find a job. Getting professional help will put you in a more secure position and not forget the stress to find yourself a new job is not on your head.

Reset – Taking some time off is not a bad idea after all. Talking and spending time with loved ones can help you get a clearer perspective. You can get back to the grind after you have had yourself a good break. 

Dale Carnegie once said, “The best possible way to prepare for tomorrow is to concentrate with all your intelligence, and enthusiasm, on doing today’s work superbly.” There are two sides to every coin, and the brighter side to this scenario is that AI is also expected to generate 97 million new jobs at the same time. So it’s time we start preparing to come on the brighter and smarter side of the coin.