Overview

• Tech companies announced 74,716 job cuts from January to May, a 35% increase from the same period last year, as they invest heavily in AI infrastructure.
• Amazon’s Andy Jassy and Salesforce’s Marc Benioff publicly linked workforce shrinkage to efficiency gains achieved through extensive deployment of generative AI tools.
• Official projections from the U.S. Bureau of Labor Statistics foresee faster-than-average growth through 2033 in occupations like software development, finance, aerospace engineering and law.
• Industry leaders and researchers warn that AI can automate routine tasks for both entry-level and mid-career professionals, signaling displacement risks across experience levels.
• Organizations are ramping up targeted reskilling programs and recruiting for new AI-focused and STEM-specialist roles even as customer service and office support positions contract.