AI Drives 25,000+ US White-Collar Job Cuts Amid Corporate Restructuring
AI Drives 25,000+ US White-Collar Job Cuts Amid Corporate Restructuring

AI Drives 25,000+ US White-Collar Job Cuts Amid Corporate Restructuring

News summary

American and European companies are accelerating job cuts, especially in white-collar positions vulnerable to AI-driven automation, with major firms like Amazon, Nestlé, UPS, and Target announcing thousands of layoffs. These reductions are driven by cost-cutting measures, investor pressure, political uncertainty, and the adoption of AI technologies capable of replacing tasks traditionally performed by office workers. Amazon alone plans to cut up to 30,000 corporate jobs, marking a shift from gradual workforce reductions to swift layoffs as it competes in the AI race. Corporate leaders openly acknowledge AI's role in reducing headcount, with CEOs like Amazon's Andy Jassy highlighting AI's impact on efficiency and job displacement. The trend signals a broader structural transformation in the labor market, potentially mirroring historic industrial shifts that displaced traditional jobs but also raised living standards. Policymakers are urged to prepare for these changes by supporting those most affected to prevent social and economic fallout.

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Left 67%
Right 33%
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3
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1
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Last Updated
4 days ago
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