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Dow slashes 4,500 jobs as AI and automation reshape chemical manufacturing operations

Chemical giant Dow announced plans to cut 4,500 jobs—12.5% of its workforce—as part of its Transform to Outperform initiative. The company explicitly cites AI-driven automation as the catalyst, partnering with C3 AI to optimize operations. With severance costs reaching up to $800 million, Dow joins Amazon and UPS in a wave of corporate layoffs, though experts debate whether AI is truly driving job losses or simply providing cover for deeper strategic issues.

Business5 sources

Dow slashes 4,500 jobs as AI and automation reshape chemical manufacturing operations

Business5 sources

Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Mark Zuckerberg revealed Meta will dramatically increase AI spending to between $115 billion and $135 billion in 2026, nearly double last year's $72 billion. The company is betting its massive trove of user data from Facebook, Instagram, and WhatsApp will give it a competitive edge in building personalized AI that understands individual users better than any rival.

Business12 sources

Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Business12 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Meta exceeded Wall Street expectations with $59.89 billion in Q4 revenue, up 24% year-over-year, and earnings of $8.88 per share. The company's artificial intelligence investments are paying off with measurable improvements in ad performance and engineering productivity. Despite projecting capital expenditures of $115-135 billion for 2026, investors rallied behind Meta's bullish revenue guidance and evidence that its revamped AI strategy is delivering tangible returns.

Business10 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Business10 sources

Amazon cuts 16,000 jobs as companies cite AI for layoffs, sparking 'AI-washing' debate

Amazon announced 16,000 corporate job cuts as part of its AI push, bringing total layoffs to 30,000 since October. But economists and analysts question whether artificial intelligence is truly driving these workforce reductions or if companies are using AI-washing to mask pandemic-era over-hiring and financial struggles. More than 50,000 layoffs cited AI in 2025.

Business22 sources

Amazon cuts 16,000 jobs as companies cite AI for layoffs, sparking 'AI-washing' debate

Business22 sources

Pinterest cuts 15% of workforce to redirect resources toward artificial intelligence initiatives

Pinterest announced plans to lay off less than 15% of its workforce—roughly 700 employees—by late September 2026 as part of a strategic shift to AI. The company will reallocate resources to AI-focused roles while reducing office space, incurring pre-tax restructuring charges of $35 million to $45 million. Despite the AI investment push, investor skepticism sent shares tumbling nearly 10%.

Business21 sources

Pinterest cuts 15% of workforce to redirect resources toward artificial intelligence initiatives

Business21 sources

AI job cuts hit UK hardest with 8% net losses as workers fear displacement across industries

Morgan Stanley research reveals Britain is experiencing sharper AI-driven job cuts than other major economies, with UK companies reporting 8% net job losses over the past year—double the international average. Meanwhile, over a quarter of British workers fear losing their jobs to artificial intelligence within five years, as automation reshapes white-collar roles and entry-level positions disappear faster than new opportunities emerge.

Business3 sources

AI job cuts hit UK hardest with 8% net losses as workers fear displacement across industries

Business3 sources

AI Jobs Debate Dominates Davos as Business Leaders Clash with Labor Unions Over Impact

At the World Economic Forum in Davos, business leaders including Nvidia's Jensen Huang championed artificial intelligence as a job creator, citing infrastructure and chips industry expansion. But labor unions and skeptics warned of job displacement, with only one in eight CEOs seeing cost reductions. The debate highlights AI's uncertain economic impact.

Business3 sources

AI Jobs Debate Dominates Davos as Business Leaders Clash with Labor Unions Over Impact

Business3 sources

IMF chief warns AI tsunami will eliminate entry-level jobs and squeeze 60% of workforce

International Monetary Fund Managing Director Kristalina Georgieva warned at Davos that AI will affect 60% of jobs in advanced economies, with young workers facing the harshest impact as entry-level roles disappear. While some positions will see productivity boosts and higher wages, the middle class risks being squeezed as the technology transforms the labor market faster than regulators can respond.

Business3 sources

IMF chief warns AI tsunami will eliminate entry-level jobs and squeeze 60% of workforce

Business3 sources

Autodesk cuts 1,000 jobs to redirect investments to AI and cloud platform initiatives

Design software maker Autodesk is eliminating roughly 1,000 positions, representing 7% of its global workforce, to redirect investments to AI and cloud. The workforce reduction primarily targets customer-facing sales teams as the company completes its sales and marketing optimization strategy, with restructuring charges expected between $135 million to $160 million.

Business2 sources

Autodesk cuts 1,000 jobs to redirect investments to AI and cloud platform initiatives

Business2 sources

Hyundai labor union blocks humanoid robots over warnings of mass job losses in factories

Hyundai Motor's labor union has issued a stark warning against the company's plans to deploy Boston Dynamics' Atlas humanoid robots across its factories, saying the move will trigger a massive employment shock. The union vows that not a single robot can enter production sites without a labor-management agreement, setting up a confrontation that could define how AI-powered automation reshapes manufacturing in Korea and beyond.

Policy5 sources

Hyundai labor union blocks humanoid robots over warnings of mass job losses in factories

Policy5 sources

Ubisoft accelerates player-facing generative AI investment amid restructuring and layoffs

Ubisoft announced major restructuring plans including layoffs and seven project cancellations while accelerating investments in player-facing generative AI. The publisher intends to integrate AI-powered NPCs directly into gameplay experiences, particularly in open-world games, despite growing industry backlash against generative AI technology.

Business2 sources

Ubisoft accelerates player-facing generative AI investment amid restructuring and layoffs

Business2 sources

Jamie Dimon warns AI rollout may need to slow down to prevent civil unrest and job disruption

JPMorgan Chase CEO Jamie Dimon told the World Economic Forum that AI adoption may outpace society's ability to adapt, potentially triggering civil unrest. He called for phased implementation, retraining programs, and even government intervention to protect over 300,000 employees, citing the trucking industry's 2 million workers as a critical example of where safeguards are needed.

Business5 sources

Jamie Dimon warns AI rollout may need to slow down to prevent civil unrest and job disruption

Business5 sources

Microsoft Shuts Down Employee Library and News Access, Pushes Staff Toward AI Learning

Microsoft is closing its onsite employee library in Building 92 and ending news subscriptions for its 220,000 workers, replacing them with what the company calls an AI-powered learning experience. The $3.4 trillion tech giant has cut access to publications like The Information and ended a 20-year partnership with Strategic News Service, directing employees instead to its Skilling Hub platform.

Business3 sources

Microsoft Shuts Down Employee Library and News Access, Pushes Staff Toward AI Learning

Business3 sources

Sadiq Khan warns AI could trigger mass unemployment in London without urgent action

London Mayor Sadiq Khan delivered a stark warning that AI could become a 'weapon of mass destruction of jobs' without proper controls. Speaking at Mansion House, he announced a new AI taskforce and free training for Londoners to address the technology's impact on white-collar sectors including finance, professional services, and creative industries.

Policy5 sources

Sadiq Khan warns AI could trigger mass unemployment in London without urgent action

Policy5 sources

AI productivity paradox: Workers lose 37% of time savings fixing AI mistakes and low-quality output

AI speeds up work but creates more of it. New research reveals 37% of time saved through AI is lost to correcting errors and rewriting content. Only 14% of employees consistently achieve positive outcomes from AI use, highlighting a growing productivity paradox that demands better training and job redesign.

Business4 sources

AI productivity paradox: Workers lose 37% of time savings fixing AI mistakes and low-quality output

Business4 sources

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