Location: United Kingdom.
Based on news reporting.
UKG, a company affiliated with Blackstone Inc., has laid off 950 employees, citing the impact of artificial intelligence on its operations. This significant workforce reduction reflects the ongoing changes in the industry as companies adapt to new technologies. The layoffs occurred in October 2023 and are part of a broader trend affecting various sectors as they integrate AI solutions. UKG's decision underscores the challenges faced by businesses in balancing technological advancements with workforce management.
Blackstone Inc. cut 950 jobs as of October 1, 2023.
That is roughly 20.1% of the 4,735 people Blackstone Inc. employs.
LayoffTalk has tracked 2 layoff events at Blackstone Inc. since October 2023, affecting a combined 950 employees.
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