“New efficient tools like ChatGPT are hurting us”: TV5 subsidiary closes 30, lays off employees

An artificial intelligence (AI) revolution is underway. Companies and workers will be shaken by the implementation of AI, which will radically change the way we produce and work. All sectors will be affected and some jobs will transform faster than others. For better or for worse? News magazine Actors from music, film, comedy, advertising, publishing, television and many other fields are interviewed.

TV5 Quebec Canada's subsidiary, which provides subtitling post-production services, will close its doors next month due to the technology boom, which we've learned will cost the livelihood of nearly thirty people. News magazine.

“New powerful tools like ChatGPT are hurting us. Text recognition [est] More active than before. I am grateful for my years there. It's a post-construction world,” says a man working for Epilogue with a heavy heart.

• Listen to an interview with Frances Hallin, journalist for the money section of the Journal de Montreal QUB :

“The acceleration of technologies and our fixed cost structure do not allow us to meet the profitability of the post-production services we offer,” Marie-Philippe Bouchard, CEO of TV5 Québec Canada, sent in a statement. Newspaper.

“Despite the high quality of product and customer service we have provided, it is with great regret that we have had to consider and implement the suspension of our operations and the layoff of our employees,” she confirmed.

“The structural deficit»

TV5 Québec Canada's Big Boss insists that efforts in recent months have not been able to save the furniture.

“We are facing a structural deficit that can no longer be absorbed without bankruptcy,” concludes Marie-Philippe Bouchard.

She explains that her clients had financial problems and had to review their supply chain, causing them to lose contracts.

“We have opted for a voluntary closure of operations, which, unlike bankruptcy, allows us to honor all of our financial commitments to our employees and our suppliers in accordance with the terms of the collective agreement and applicable agreements,” she concluded.