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Jamie Dimon predicts AI will shrink workweeks to 3.5 days as JPMorgan invests billions in tech

JPMorgan CEO Jamie Dimon envisions a future where AI enables a 3.5-day workweek within 30 years, driven by productivity gains. In his annual shareholder letter, he acknowledges AI will eliminate some jobs but emphasizes the technology's potential to cure diseases and improve quality of life. JPMorgan is investing nearly $20 billion in technology, including AI infrastructure, as Dimon warns of short-term disruption and calls for retraining programs to prevent civil unrest.

Technology4 sources

Jamie Dimon predicts AI will shrink workweeks to 3.5 days as JPMorgan invests billions in tech

Technology4 sources

Meta forces top engineers into AI unit as 200 layoffs loom in Silicon Valley

Meta is mandating top software engineers join its new Applied AI Engineering unit while cutting 200 jobs in California. The moves signal a major shift toward AI-native operations, with CEO Mark Zuckerberg betting that AI agents will soon handle most development work. The company plans $115-135 billion in AI infrastructure spending this year.

Business4 sources

Meta forces top engineers into AI unit as 200 layoffs loom in Silicon Valley

Business4 sources

Bitcoin Miner MARA Cuts 15% of Workforce After $1.1 Billion BTC Sale to Fund AI Pivot

MARA Holdings has laid off 15% of its workforce following a $1.1 billion Bitcoin sale, marking a strategic shift from pure-play mining to AI and energy infrastructure. The move reflects mounting pressure across the cryptocurrency mining sector, where companies are pivoting to high-performance computing amid declining profitability post-halving.

Business2 sources

Bitcoin Miner MARA Cuts 15% of Workforce After $1.1 Billion BTC Sale to Fund AI Pivot

Business2 sources

Take-Two lays off AI team head and staff weeks after CEO said it was embracing generative AI

Take-Two Interactive has laid off Luke Dicken, its Head of Artificial Intelligence, along with an undisclosed number of AI team members. The timing is striking—just two months ago, CEO Strauss Zelnick announced the Rockstar Games parent company was actively embracing generative AI. The move raises questions about the gaming industry's AI strategy as the company speeds toward the Grand Theft Auto VI release.

Business11 sources

Take-Two lays off AI team head and staff weeks after CEO said it was embracing generative AI

Business11 sources

Tech layoffs surge past 80,000 in early 2026 as AI reshapes the industry workforce

Nearly 80,000 tech workers lost their jobs in the first quarter of 2026, with close to half attributed to artificial intelligence and automation. But industry leaders are divided on whether AI is genuinely driving these job cuts or simply being used as cover for broader restructuring. As companies redirect budgets toward AI investments, experts warn the real impact may still be months away.

Business7 sources

Tech layoffs surge past 80,000 in early 2026 as AI reshapes the industry workforce

Business7 sources

Jack Dorsey outlines AI vision to replace middle managers after Block cuts 4,000 jobs

Jack Dorsey and Sequoia Capital's Roelof Botha published a manifesto arguing AI can replace middle management layers that coordinate work. The vision follows Block's February announcement cutting nearly 40% of its workforce—about 4,000 employees—as part of a bet on an AI-driven future of work that fundamentally reshapes organizational structure.

Business4 sources

Jack Dorsey outlines AI vision to replace middle managers after Block cuts 4,000 jobs

Business4 sources

Oracle cuts thousands of jobs to fund AI data centers as stock rises amid restructuring push

Oracle has begun mass layoffs affecting an estimated 10,000 employees across multiple divisions as it redirects resources toward AI investments and data center infrastructure. The company's stock rose 2.6% in premarket trading following the announcement, even as affected workers received termination notices. The cuts are part of a broader restructuring plan valued at $2.1 billion.

Business23 sources

Oracle cuts thousands of jobs to fund AI data centers as stock rises amid restructuring push

Business23 sources

Warhorse Studios fires Kingdom Come: Deliverance II translator, switches to AI for localization

Max Hejtmánek, who translated Kingdom Come: Deliverance II from Czech to English for nearly four years, was fired by Warhorse Studios on March 27, 2026. The studio told him his position became obsolete as AI will now handle all translations going forward. The move comes despite the game's commercial success, selling several million copies and earning GOTY nominations.

Entertainment6 sources

Warhorse Studios fires Kingdom Come: Deliverance II translator, switches to AI for localization

Entertainment6 sources

Disney's $1 billion AI investment and metaverse plans hit major roadblocks in new CEO's first week

New Disney CEO Josh D'Amaro faces twin crises as OpenAI shuts down Sora just months after a $1 billion collaboration was announced, while Epic Games cuts 1,000 jobs amid questions about their $1.5 billion metaverse partnership. The setbacks highlight risks in Disney's technology investments and raise concerns about the company's strategic direction in AI and gaming.

Business2 sources

Disney's $1 billion AI investment and metaverse plans hit major roadblocks in new CEO's first week

Business2 sources

Meta cuts 700 jobs across Reality Labs and recruiting as AI spending doubles to $135 billion

Meta laid off approximately 700 employees across Reality Labs, recruiting, and social media divisions as it accelerates its strategic shift to AI. The workforce reductions come as the company plans to spend up to $135 billion on AI infrastructure in 2026, nearly double last year's investment. Meanwhile, Meta unveiled a stock compensation program worth up to $921 million for six top executives.

Business9 sources

Meta cuts 700 jobs across Reality Labs and recruiting as AI spending doubles to $135 billion

Business9 sources

Meta launches initiative to support entrepreneurship with AI tools for 250 million small businesses

Meta unveils Meta Small Business, a company-wide initiative focused on driving AI adoption among its 250 million global small business users. Led by Dina Powell McCormick and Naomi Gleit, the program aims to help entrepreneurs leverage AI to build new businesses as Meta pivots toward SMBs amid mounting regulatory pressures and shifts away from its Metaverse division.

Business4 sources

Meta launches initiative to support entrepreneurship with AI tools for 250 million small businesses

Business4 sources

AI Dividend program launches $1,000 monthly payments for workers displaced by AI

The AI Dividend program has begun issuing $1,000 monthly basic income payments to workers impacted by AI job displacement. Run by nonprofits AI Commons Project and What We Will, the initiative currently supports 25-50 recipients with $300,000 in initial funding, aiming to distribute $3 million by 2026.

Entertainment2 sources

AI Dividend program launches $1,000 monthly payments for workers displaced by AI

Entertainment2 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Perplexity AI CEO Aravind Srinivas ignited debate by suggesting AI-driven job displacement offers a chance for workers to escape unfulfilling careers and launch their own businesses. Speaking on the All-In podcast, he called this shift a "glorious future" worth embracing, even as more than 101,000 AI-linked job losses have occurred in the U.S. since February 2025. Critics say his comments are out of touch with workers struggling to make ends meet.

Business3 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Business3 sources

Dimon warns AI job losses demand urgent government-business response to workforce challenges

JPMorgan Chase CEO Jamie Dimon has issued a stark warning about AI job losses, calling for coordinated action between government and businesses. Speaking at Washington's Hill & Valley Forum, Dimon emphasized that rapid economic changes driven by AI could create significant unemployment faster than previous technological disruptions, urging immediate preparation through retraining programs and strategic workforce support.

Policy2 sources

Dimon warns AI job losses demand urgent government-business response to workforce challenges

Policy2 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Meta is shutting down Horizon Worlds on Quest VR headsets by June 15, marking a dramatic retreat from Mark Zuckerberg's metaverse vision. After burning through over $80 billion since 2020, Reality Labs posted a record $6.02 billion loss in Q4. The company now shifts focus to AI-powered products like Ray-Ban Meta glasses.

Technology4 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Technology4 sources

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