'AI-washing' and 'forever layoffs': Why companies keep cutting jobs, even amid rising profits

'AI-washing' and 'forever layoffs': Why companies keep cutting jobs, even amid rising profits

In many industries, AI is far from delivering on its promises of massive productivity gains that make humans obsolete. But one thing is clear: The technology is absolutely terrifying workers. A survey of nearly 5,000 Americans this summer found that 71% of them are worried that artificial intelligence will put too many people out of work permanently. Those concerns reflect what companies are saying: About 40% of employers expect to cut their wor…

AI is taking the blame for layoffs — but analysts say it’s really tariffs, overhiring, and cost-cutting

The rise of artificial intelligence (AI) has left many workers worried about becomings disposable. As US corporate leaders often cite AI-driven efficiency as a reason some roles are no longer needed, those fears don’t feel entirely unfounded. Just last year, more than 54,000 job cuts were attributed to AI, according to The Guardian, citing a […]