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Tech Firms Cut Over 74,000 Jobs as AI Takes On Up to Half of Workload

Rising worker anxiety has spurred calls for accelerated reskilling to meet the shift toward AI-powered roles.

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Overview

  • Tech companies announced 74,716 job cuts from January to May, a 35% increase year over year, as executives cite AI-driven productivity gains.
  • Amazon CEO Andy Jassy said last month he expects further workforce reductions as employees achieve efficiency gains through extensive AI use.
  • Salesforce Chief Executive Marc Benioff reported that AI is already handling between 30% and 50% of the company’s work.
  • A Pew Research Center survey found roughly half of U.S. workers worry AI will replace them and few believe it will create long-term job opportunities.
  • Experts warn more than half of entry-level white-collar roles could vanish within five years, prompting companies to expand AI training and develop new talent pipelines.