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The Era of AI Layoffs Has Begun

Overview

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The Era of AI Layoffs Has Begun

The Journal.

Nov 20
The Journal.

The Journal.

Nov 20
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Corporate layoffs have been rolling across American companies: Amazon, General Motors, Verizon, Target and Microsoft have all cut jobs. WSJ’s Chip Cutter takes us inside his conversations with CEOs about how hiring is changing, and what the AI era means fo...

Highlights

Across corporate America, a wave of layoffs is reshaping the future of work, driven by rapid advancements in artificial intelligence and shifting economic conditions. Major companies are reevaluating their workforce strategies, not just cutting jobs but redefining how work gets done in the digital age.
03:20
Large staffs seen as impediment to growth amid AI investment
06:21
CEOs acknowledge AI could destroy white-collar jobs
11:50
The layoff wave is just beginning as AI is rolled out, causing paranoia among workers about job security

Chapters

Why are major tech companies slashing jobs amid an AI boom?
00:00
How are CEOs rethinking workforce size in the age of efficiency?
03:20
What happens when AI replaces office workers but creates new roles?
06:21
Is Walmart’s smart AI strategy avoiding the pitfalls of automation theater?
09:28
How widespread job insecurity is shaping the future of work
12:22

Transcript

Ryan Knutson: Lately, it seems like the word layoffs has been all over the news. Chip Cutter: Got breaking news this morning, massive job cuts at Amazon. Overnight, the company announcing it'll eliminate approximately 14,000 roles. Verizon is cutting at l...