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Companies Link Job Cuts to AI as CEOs Predict Broad Role Changes, but Analysts See ‘AI‑Washing

Current evidence points to restructuring and gradual adoption rather than sweeping automation-driven layoffs.

Overview

  • Walmart CEO Doug McMillon said every role at the retailer will change with AI, adding that workers are getting access to tools like ChatGPT, training through Walmart Academies, and oversight from newly appointed AI leader Daniel Denker.
  • Amazon confirmed 14,000 corporate job cuts and has signaled AI-driven efficiency gains, though CEO Andy Jassy told analysts the latest reductions are about “culture,” fueling scrutiny over companies attributing routine cuts to AI.
  • Axios reports a growing market for human “AI trainers,” with Uber offering drivers paid microtasks, startups like Mercor paying professionals to teach models, and OpenAI enlisting musicians and former bankers to impart expert skills.
  • Worker anxiety is rising: a Great Place to Work study in India found 49% of millennials fear being replaced by AI, echoing earlier U.S. polling that shows broad concern about long-term job impacts.
  • Researchers and officials urge caution: a Yale Budget Lab study found no discernible economy-wide disruption yet, a New York Fed survey shows only 1% of service firms reported AI layoffs recently (13% expect them soon), Goldman Sachs estimates 6–7% of U.S. jobs could be displaced if adoption is broad, and Fed Chair Jerome Powell says policymakers are watching the trend.