Layoffs

Twitter

Facebook

Copy Link

Top News

Sam Altman says AI jobs apocalypse unlikely, admits he was wrong about employment impact

OpenAI CEO Sam Altman has walked back his earlier predictions about widespread AI job losses, saying he's 'delighted to be wrong' about the impact on white-collar employment. Speaking at a Sydney conference, Altman acknowledged that the jobs apocalypse he once warned about hasn't materialized, even as companies like Meta and Standard Chartered announce AI-related layoffs. The shift comes as data shows no significant employment disruption yet.

Business14 sources

Sam Altman says AI jobs apocalypse unlikely, admits he was wrong about employment impact

Business14 sources

99% of Executives Expect AI Layoffs Within Two Years as Worker Anxiety Surges

A Mercer survey of 825 C-suite leaders reveals 99% expect AI to trigger layoffs in the next two years, with 98% planning organizational design changes. Employee well-being has collapsed from 66% in 2024 to 44% in 2026 as AI-driven job displacement fears mount across industries.

Business3 sources

99% of Executives Expect AI Layoffs Within Two Years as Worker Anxiety Surges

Business3 sources

NYC Comptroller warns AI could eliminate 110,000 jobs as city 'sleepwalks' into technological shift

New York City Comptroller Mark Levine released a report warning that artificial intelligence could cost the city up to 110,000 private sector jobs by 2027 in a worst-case scenario. The official criticized city leaders for doing almost nothing to prepare for this radical transformation, urging immediate fiscal preparation including expanding the rainy day fund and protecting infrastructure against AI-powered threats.

Policy2 sources

NYC Comptroller warns AI could eliminate 110,000 jobs as city 'sleepwalks' into technological shift

Policy2 sources

Walmart's AI-native push delivers 26% e-commerce growth as Sparky users double

Walmart reported a 26% surge in global e-commerce growth, driven by its AI shopping assistant Sparky, which saw weekly active users jump over 100% in one quarter. CEO John Furner highlighted the company's shift to an AI-native approach, with improved fulfillment speeds reaching 36% of deliveries in under three hours. However, the retail giant cut 1,000 corporate employees to streamline its AI and technology operations.

Business2 sources

Walmart's AI-native push delivers 26% e-commerce growth as Sparky users double

Business2 sources

Gavin Newsom signs executive order to combat AI job displacement in California

California Governor Gavin Newsom issued the first-of-its-kind executive order mandating state agencies to explore labor policy overhauls addressing AI job displacement. The order examines subsidies for companies that retain workers, expanded workforce training for white-collar roles, and universal basic income alternatives as Meta cuts 8,000 jobs citing AI efficiency gains.

Policy7 sources

Gavin Newsom signs executive order to combat AI job displacement in California

Policy7 sources

WiseTech begins redundancies but removes AI references from emails to Chinese employees

WiseTech has started informing staff about job losses affecting 2,000 workers across 40 countries, citing AI advancements. However, employees discovered that emails sent to Chinese staff omitted all mentions of artificial intelligence, instead using the term 'global transformation.' The change appears linked to a recent Chinese court ruling that awarded compensation to a worker replaced by AI.

Business2 sources

WiseTech begins redundancies but removes AI references from emails to Chinese employees

Business2 sources

Jamie Dimon signals JPMorgan will hire more AI specialists and fewer traditional bankers

JPMorgan Chase CEO Jamie Dimon announced the bank will prioritize hiring AI specialists over traditional bankers as automation reshapes the financial industry. Speaking at the bank's China Summit in Shanghai, Dimon said the shift will happen through natural attrition rather than mass layoffs, with the bank's 10% yearly turnover rate providing flexibility to retrain or redeploy workers.

Business6 sources

Jamie Dimon signals JPMorgan will hire more AI specialists and fewer traditional bankers

Business6 sources

Jeff Bezos dismisses AI job fears, predicts labor shortage as tech reshapes work

Amazon founder Jeff Bezos rejects widespread concerns about AI taking your job, arguing the technology will instead elevate workers and create a labor shortage. Speaking on CNBC, he compared AI adoption to trading a shovel for a bulldozer, while critics like Geoffrey Hinton warn of mass white-collar job displacement.

Business5 sources

Jeff Bezos dismisses AI job fears, predicts labor shortage as tech reshapes work

Business5 sources

Intuit cuts 3,000 jobs while CEO insists workforce reduction had nothing to do with AI

Financial software company Intuit is laying off 17% of its workforce—roughly 3,000 employees—as it seeks to streamline operations and invest in AI capabilities. But CEO Sasan Goodarzi firmly denies the cuts are driven by automation, instead blaming organizational complexity and excess management layers. The move comes as Intuit's stock has fallen 41% this year amid concerns traditional software firms can't compete in the AI era.

Business16 sources

Intuit cuts 3,000 jobs while CEO insists workforce reduction had nothing to do with AI

Business16 sources

Singapore pushes financial firms to use AI for job creation, not just cost-cutting

Singapore's Deputy Prime Minister Gan Kim Yong is urging banks and financial institutions to deploy AI to create better jobs and upskill workers for higher-value roles, rather than simply cutting costs. His remarks follow Standard Chartered's announcement to cut over 7,000 jobs as it accelerates AI adoption. A new DBS report ranks Singapore third among 15 AI financial hubs globally.

Policy3 sources

Singapore pushes financial firms to use AI for job creation, not just cost-cutting

Policy3 sources

ClickUp slashes 22% of workforce while promising million-dollar salaries for AI-skilled survivors

Collaboration software startup ClickUp laid off 22% of its employees in a bold bet on AI agents, with CEO Zeb Evans promising seven-figure salaries for workers who create outsized impact using AI. The move reflects a growing trend: nearly 50,000 AI-related job cuts announced in 2026. But experts warn the real impact may be quieter—reduced hiring of entry-level workers as companies evaluate how AI reshapes their staffing needs.

Business8 sources

ClickUp slashes 22% of workforce while promising million-dollar salaries for AI-skilled survivors

Business8 sources

Gen Z workers fear AI over-reliance is causing skill loss and diminished intelligence

A new study reveals half of workers admit they're overly dependent on AI, with 62% of Gen Z acknowledging over-reliance. Nearly half of young workers believe excessive AI use is making them less intelligent, raising concerns about critical thinking abilities and long-term career development as pressure to adopt AI in the workplace intensifies.

Business3 sources

Gen Z workers fear AI over-reliance is causing skill loss and diminished intelligence

Business3 sources

Standard Chartered plans to cut 7,800 jobs by 2030 as AI automation reshapes banking workforce

British multinational bank Standard Chartered announced plans to eliminate 7,800 back-office roles by 2030 through AI automation, representing a 15% reduction in corporate functions. CEO Bill Winters sparked controversy by describing affected positions as 'lower-value human capital,' later apologizing for the upset caused. The move signals a broader shift across the banking sector as major lenders increasingly link AI deployment to specific workforce reductions.

Business16 sources

Standard Chartered plans to cut 7,800 jobs by 2030 as AI automation reshapes banking workforce

Business16 sources

Meta cuts 8,000 jobs while forcing 7,000 employees into new AI roles to fund massive investments

Meta is executing one of its most dramatic workforce restructuring efforts, laying off 8,000 employees while forcibly reassigning 7,000 others to AI-focused teams. The cuts come as CEO Mark Zuckerberg redirects resources toward AI data centers and Meta Superintelligence Labs, with capital expenditures projected to reach $135 billion this year. Employees are scrambling to use benefits before Wednesday's cuts, while morale plummets amid mandatory transfers and surveillance software rollouts.

Business38 sources

Meta cuts 8,000 jobs while forcing 7,000 employees into new AI roles to fund massive investments

Business38 sources

AI hiring shifts dramatically as 43% of CEOs plan to cut junior roles, favoring older workers

A global CEO survey reveals a dramatic reversal in hiring priorities, with 43% planning to reduce junior positions over the next two years—up from just 17% last year. Companies are increasingly turning to AI to automate entry-level tasks while shifting focus to mid-level and senior workers. The tech sector faces the hardest hit, with 74% of CEOs freezing or reducing headcount, raising concerns about future talent pipelines.

Business3 sources

AI hiring shifts dramatically as 43% of CEOs plan to cut junior roles, favoring older workers

Business3 sources

Prev 1…567…17 Next