Overview
- Stanford payroll data shows a roughly 13% relative employment decline for 22–25-year-olds in AI‑exposed occupations, even as overall employment and wages remain stable.
- Walmart says it will hold its global workforce at 2.1 million for three years, attributing the plan in part to efficiency gains from AI.
- Amazon, Microsoft, Target and UPS have announced job cuts or slower hiring, with Amazon planning to eliminate up to 30,000 corporate roles during an efficiency drive.
- An MIT survey of 300 corporate AI projects found executives reported 95% produced zero return on investment, highlighting implementation challenges.
- Some firms are combining blunt messaging with reskilling and new hiring tactics, as Rokt warned up to 45% of roles could be displaced, provided AI tools and training, and shifted roughly 90% of recruiting to recent graduates.