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Top Executives Forecast Mass AI-Driven Job Cuts as Companies Restructure With AI Talent

CEOs see automation trimming white-collar headcounts as firms pivot to build AI robotics teams.

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Marc Benioff, chief executive of Salesforce.
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Overview

  • Ford CEO Jim Farley predicted that AI will replace half of all white-collar workers in the U.S.
  • Amazon CEO Andy Jassy said AI-driven efficiencies will shrink the company’s corporate workforce even as it recruits for AI robotics roles.
  • JPMorgan’s Marianne Lake projected a 10% reduction in her consumer banking division as AI tools streamline operations.
  • Microsoft, IBM, Google, Amazon and Intel have implemented thousands of layoffs this year while scaling up hiring for AI-focused positions.
  • Nvidia’s Jensen Huang and OpenAI’s Brad Lightcap have publicly disputed sweeping displacement forecasts and highlighted opportunities for AI to augment work and create new roles.