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AI News from ET - AI translation firm DeepL cuts quarter of staff, citing AI

Vishwadeep Khatri
in AI News & Two Lenses

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DeepL, a leading AI translation firm, is laying off approximately 250 employees. This significant workforce reduction stems from artificial intelligence advancements making certain roles obsolete. The company's CEO highlighted a major structural shift in the job market driven by AI. This move follows similar job cuts across various industries where AI is boosting productivity and simplifying tasks.

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