Top Stories
All Sections
Finance
About
20 results for "jobs"
Tech companies have cut 142,000 jobs in 2026 while committing roughly $700 billion to AI infrastructure — with entry-level software engineering jobs down nearly 20 percent and profitable companies explicitly tying layoffs to AI investment acceleration.
Entry-level job postings fell 15% year-over-year as AI automates junior roles, hitting Gen Z hardest by collapsing the career ladder that new graduates depend on to build skills.
Meta cut 8,000 employees as part of an AI restructuring that pushed 2026 tech sector layoffs past 100,000 globally — nearly half explicitly linked to AI adoption.
April 2026 job openings hit a 12-month peak, yet application volume fell 10%. New ICIMS data shows 78% of Gen Z job seekers believe AI is changing available roles — and only 19% feel confident about their career trajectory.
Unemployment for workers aged 22-27 has risen to 5.4% as AI cuts early-career knowledge work—while Ford, AT&T, and others ramp up hiring for skilled trades.
37% of business leaders plan to replace human employees with AI by end of 2026, largely by not replacing departing workers — a silent downsizing that labor statistics are not yet capturing.
Cisco is eliminating nearly 4,000 jobs as it pivots to AI infrastructure, on the same day it reported record revenue of $15.8 billion and raised its AI order forecast to $9 billion.
LinkedIn is eliminating ~900 jobs — 5% of its workforce — as Microsoft pushes the platform to accelerate AI-powered hiring products that have already crossed $450M in annual recurring revenue.
General Motors cut more than 600 IT workers and is replacing them with AI engineers and data scientists — and called it a skills swap publicly.
AI isn't eliminating jobs wholesale — it's removing the entry-level tasks that teach people how to do their jobs, quietly destroying the career ladders that made white-collar professions accessible.
Yale SOM researchers find AI's most damaging near-term labor impact is not mass layoffs but a silent contraction in entry-level hiring — companies let AI handle junior tasks and simply don't backfill the headcount.
Freshworks CEO says AI now writes more than half the company's code as the firm lays off 500 employees — one of the clearest admissions of AI-driven headcount reduction in software.
New Gallup data finds 18% of U.S. workers believe their job could be eliminated by AI within five years — and the number is higher, not lower, among workers whose companies have already deployed AI tools.
UNICEF Innocenti research finds women hold 86% of jobs most exposed to AI-driven displacement — concentrated in administrative, clerical, and customer-service roles that prior automation waves left untouched.
Yale's Budget Lab analyzed March 2026 CPS data and found no measurable economy-wide labor disruption from AI — raising sharp questions about whether companies citing AI for layoffs are engaging in AI-washing.
White-collar knowledge workers now carry the highest AI displacement risk in the U.S. economy — and women represent 86% of the most exposed occupations, per a Washington Post analysis.
A new Gallup survey finds 18% of US workers believe AI will eliminate their job within five years — rising to 23% at organizations that have already deployed AI tools.
The U.S. tech industry eliminated ~80,000 jobs in Q1 2026, with 47.9% formally attributed to AI — the first quarter AI is the plurality cause of tech-sector layoffs.
Anthropic's new labor market research finds AI is augmenting most roles rather than eliminating them — but with sharp task-level variation that existing economic models miss.
BCG's new report argues the AI-unemployment narrative is wrong: AI will transform 44% of all jobs before eliminating them, creating reskilling pressure that policy is completely unprepared for.