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Reclassification Is Making US Tech Job Losses Look Worse Than They Are
According to consultancy firm Janco, the U.S. Bureau of Labor Statistics reclassified several job titles, "leading to a downward adjustment of over 111,000 positions for November and December 2024," The Register reports. This revision contributed to an overall decline of 123,000 IT jobs for the year...
According to consultancy firm Janco, the U.S. Bureau of Labor Statistics reclassified several job titles, " leading to a downward adjustment of over 111,000 positions for November and December 2024," The Register reports. Closing out the report, Janco offered a mixed outlook: While IT jobs are expected to grow over the next few years, many white-collar roles could be eliminated. "Over the next five years, the number of individuals employed as IT professionals will increase while many white-collar jobs in the function will be eliminated with the application of AI and LLM to IT," Janco predicted.
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