Eric Schmidt says AI could cut 20% of jobs at large companies

The former Google CEO expects coordination and middle-management roles, which he calls ‘glue people,’ to go first Former Google Chief Executive Officer Eric Schmidt said artificial intelligence could cut about 20% of jobs at large companies as it automates administrative and management work. Speaking on the “In Good Company” podcast, Schmidt said a company with 10,000 employees could potentially eliminate 2,000 positions. He expects the first cuts to hit what he called “glue people,” employees whose work centers on planning and coordinating data between teams. Schmidt said he spent up to 12 hours a day in meetings while running Google, a burden he described as a “coordination tax” that every large organization pays in time, attention and salaries.

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