
Citi Foundation is putting $25M toward tackling young adults’ unemployment and AI labor disruptions
Citi Foundation is donating a half million dollars to each of 50 groups that provide digital literacy skills, technical training and career guidance for low-income youth around the world. The effort is a response to high unemployment among young adults and concerns that artificial intelligence will replace entry-level roles. Ed Skyler, Citi’s Head of Enterprise Services and Public Affairs, says “what we want to do is make sure young people are as prepared as possible to find employment in a world that’s moving really quickly.” But Brookings Institution senior fellow Martha Ross says the scale of technology’s labor market disruption is “too big for philanthropy” to fix alone.