Companies cutting jobs as investments shift toward AI
Companies cutting jobs as investments shift toward AI
Publish Date: 2026-05-13 22:37:00
Source Domain: www.reuters.com
- Investors and economists growingly concern that artificial intelligence (AI) might significantly disrupt established industries, leading to job losses in areas most susceptible to automation.
- Goldman Sachs economists estimate AI caused 5,000 to 10,000 monthly net job losses in the most exposed U.S. industries last year.
- A survey by Challenger, Gray & Christmas shows AI was associated with 7% of total planned U.S. layoffs announced in January.
- Significant instances of AI-linked global layoffs have been reported since October, with major companies making substantial announcements regarding job cuts in the AI’s wake.
- Reporting on this topic comes from multiple sources, including Romolo Tosiani and Philippe Leroy Beaulieu, with additional contributions and editing by various professionals.
