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According to the Wall Street Journal, a hiring slowdown in the US tech sector shows "growing evidence that AI is starting to affect entry-level roles in IT." Do you believe companies should start training existing staff to better comprehend how AI will affect their industry, or look to hire specialists with a focus on new technologies? https://lnkd.in/gNGGR8tq #hiring #techindustry #ai #upskilling #training

Bang on assessment! Focus on reskilling / upskilling is at the front and center of how we move forward. Not only tech skills but also mindset of adapting to new paradigm

𝗧𝗲𝗰𝗵 𝗴𝗶𝗮𝗻𝘁𝘀 𝗵𝗮𝘁𝗰𝗵 𝗮 𝗽𝗹𝗮𝗻 𝗳𝗼𝗿 𝗔𝗜 𝗷𝗼𝗯 𝗹𝗼𝘀𝘀𝗲𝘀: 𝗥𝗲𝘀𝗸𝗶𝗹𝗹 𝟵𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟭𝟬 𝘆𝗲𝗮𝗿𝘀 https://lnkd.in/esEFjAUr A consortium that includes Google, IBM, Intel, and Microsoft has a lofty goal: Reinvent the careers of workers whose jobs may be lost to AI. "Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP, along with six advisers, have formed the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium to help those who have lost or will lose their jobs to AI to either upskill or reskill to reenter the workforce. The consortium will help impacted workers to find training programs and connect businesses with companies looking for their skillsets."

Tech job postings saw a decline across most areas in July, with software developers and engineers experiencing a drop of over 10,000 listings. Despite this, the tech unemployment rate decreased to 3.2%, suggesting a potential shift in hiring strategies and skills requirements. While AI's impact on jobs remains uncertain, organizations like the AI-Enabled ICT Workforce Consortium are committed to upskilling workers and adapting to the changing economy. Companies are focusing on training employees and preparing them for the AI-integrated future of work. #techjobs #AI #upskilling #futureofwork

AI might not be coming for all jobs, but it might be coming for some. A new cohort of big tech vendors and consultancies aims to push back against the notion that AI will lead to job losses, citing the need for reskilling and upskilling within the information and communication technology (ICT) industry specifically.

Microsoft UK's CEO announces that there are now more job vacancies on LinkedIn than before the AI boom! - 📈 AI adoption is soaring, with 75% of knowledge workers using AI tools. - 🌍 Massive investments in AI infrastructure and training in the UK. - 🧠 AI skills are in high demand, creating new job opportunities. #Microsoft #AI #JobMarket - AI is transforming the workplace, enhancing productivity and creativity. - Significant investments are being made to expand AI capabilities and support talent development. - More AI job postings indicate a shift towards a tech-driven workforce. - Microsoft’s AI initiatives include expanding data centers and providing advanced training for UK professionals. - Companies leveraging AI tools and training are attracting top talent. https://lnkd.in/gbxFfu8e

This article highlights a stark reality for tech job seekers: without AI skills, they're facing lower salaries and fewer opportunities. As the IT job market evolves, traditional roles are dwindling while demand for AI, cybersecurity, and data science expertise skyrockets. Companies, in response to economic pressures, are reassessing their workforce needs, leading to layoffs and salary adjustments. The message is clear: adapt or risk being left behind.

#dwmcgrath Based on recent research, the top tech skills that are most in-demand and difficult to hire for in 2024 are: Artificial Intelligence / Machine Learning (AI/ML): Demand for AI and Machine Learning Specialists is expected to grow by 40%, or 1 million jobs, in the next five years. AI/ML had the second-highest hiring difficulty (nine out of ten) and one of the largest market salaries (USD $142,600 or greater)1. Multicloud: As of 2024, multicloud is now the norm. 65% of all organizations operate within multicloud environments, with 20% actively pursuing an additional cloud platform1. Cybersecurity: The threat of cyberattacks is on the rise, making it crucial for organizations to have skilled professionals who can safeguard their valuable data assets2. Data Science: Data science remains a sought-after skill as businesses continue to leverage data for decision-making3. SOURCE: MS Copilot

Top global companies like Google, IBM, Intel, and Microsoft understand that AI will impact jobs mightily in the next decade. They've taken initiative to reskill their employees and ready them to take the leap into the future workforce. Read more about their efforts at ZDNET https://lnkd.in/e8b-rKW5

One of the first job loss casualties from AI could be the tech sector. High-profile tech companies are already shedding staff, and there are more to come. According to ComputerWorld, tech spending is shifting to meet AI demand, forcing a reshuffling of skills for workers. Stay informed and stay ahead of the curve. Read more here: https://lnkd.in/gDYsb76i #ai