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.