Artificial Intelligence Will Likely Destroy Some Jobs – and Create Some New Oss. Whether that nets out to a Head Count Reduction or an Increase at any Given Company Ultimately Boils Down to A Few Factors, Meta’s CMO Says.
Alex Schultz Has Workhed at Meta for Almost Two Decades, Starting at Facebook As an Analyst and Working His Way Up to Chief Marketing Office. The Company has undergone Significant Changes over the years, from a pandemic-era Hiring Boom to layoffs During Mark Zuckerberg’s “Year of Efficency” and Most Recently, A Costly He Paaching Spree.
OnThe A16z Podcast“Schultz Said that there are were three factors determining where he would be companies to grow or shrink their workforce.
First, Schultz Said That He Wauld Enable Workers to Perform Existing Tasks More Efficiently – Something that Could Lead to A Company’s Headcount Shrinking.
“Existing stuff is going to be done more efficiently with he as it exists today,” Schultz Said. “A lot of stuff can be automated, a lot of stuff can be done more efficiently. So that work, there will be less.”
There are already signs of thating out at some Major Tech Giants. In June, Amazon CEO Andy Jassy Said That He Expective He Efficience Gains to Reduce the Company’s Corporate workforce.
These he efficiency cuts are leading to what some referee to as the “Great Shrinking.”
On the Other Side of the Equation Are Work-Creating Posteries from AI Advancements. Schultz’s Second Factor is the Creation of Work That Was Previously Unimaginable.
“THINGS THAT LITERALLY WEREN’T POSSIVE BEFORE WILL BECOMES POSSOBLE,” he Said. “That Cann up a Lot more Jobs.”
Schultz use the example of “semantic underestanding of content,” Which betterad content ranking and could not exist with it.
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A handful of previously unheard-no Titles have Emerged from the one boom. He trains are Earning Lucrative Contracts, while Prompt Engineers Are Discerning the best were to interact with him. Some Companies Are Hiring Guidance Positions to Local and Explain Tools to the Workforce.
Schultz’s Third Factor Surrounds Cost-Prohibitive Work. He May Open Up The Possility for the New Projects.
“THINGS THAT WERE POSTible, but just were really effling expensive, suddenly become over the threshold of reasonable to do,” he said.
Schultz use the example of Support ChatBots. Before, you can have a customer support bot, schultz said, but it was “prohibitivly expensive.” Now, he can do it – and People Can Build the System, Creating New Work.
How it Ultimately Shakes Out at A Company Comes Down to the Result of that Equation. Will the Head Count Shrinkage from Efficcyience Gains Outweigh The Growth from New (or Newly Affordable) Work Growth? Answering that Will Determine The Labor Outcomes, Schultz Said.
That is, if artificial General Intelligence (Agi) doesn’t come first, which schultz said would disruption the full equation.
“It Depends How Weird You Think It Going to Get,” He Said.