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.