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Work & Labor · 4 min read

AI Job Cuts Reach 50,000 in 2026 as Entry-Level Hiring Collapses

Companies have linked nearly 50,000 layoffs to AI in 2026, but economists warn the bigger story is a collapse in entry-level hiring that isn't showing up in standard layoff data.

Jun 3

Work & Labor · 2 min read

Standard Chartered CEO Walks Back Lower-Value Human Capital Remark After 7,800 AI Job Cut Announcement

Standard Chartered CEO Bill Winters walked back his lower-value human capital remark after the bank announced 7,800 AI-driven job cuts — but the headcount reduction plan stands.

May 21