There’s no question that the job market is a mess. According to Labor Department data, nearly two million Americans have been without a job for 27 weeks or more, the highest figure since 2022. And it’s hitting white collar jobs hard: this week alone, Amazon cut its corporate workforce by 14,000 jobs, UPS cut 34,000 operational workforce positions, and Target and Paramount axed 1,800 and 1,000 jobs, respectively.
Many are blaming those cuts on AI. Everyone from Senator Bernie Sanders to Federal Reserve chair Jerome Powell is wringing their hands about the tech’s effect on employment. Mike Hoffman, CEO of growth advisory firm SBI, told the Wall Street Journal that productivity surged when he cut his software development team by 80 percent. And Meta just culled 600 employees from the AI Supe

Futurism

New York Post
Raw Story
Associated Press Top News
Salon