AI automation anxiety grows as expert warns jobs face pressure in 5 years
AI automation anxiety grows as expert warns jobs face pressure in 5 years
Publish Date: 2026-05-22 11:14:00
Source Domain: www.foxbusiness.com
Here are the following key points from the article:
– Vice President of AI, Hannah Calhoon, appears on ‘Mornings with Maria’ to discuss AI’s effect on employment, which is anticipated to cause disruption for up to 300 million jobs worldwide.
– Companies like Meta and Intuit are accelerating AI integration, which led to thousands of layoffs recently. Meta CEO Mark Zuckerberg states that success in this AI era isn’t guaranteed but does not plan another broad round of layoffs this year.
– Over 85,000 technology sector jobs have been eliminated by April 2026, a 33% increase from the same period last year. Still, the total number of layoffs for the year is roughly half of last year’s reductions.
– Despite these layoffs, experts believe there will still be significant short-term job creation due to investments in adopting AI tools. Jeff Bezos believes that AI will cause a labor shortage and increase overall productivity.
– Many recent college graduates are feeling “automation anxiety” due to AI’s potential to wipe out half of all entry-level white-collar jobs in the next 1-5 years, as predicted by Anthropic co-founder and CEO Dario Amodei.
– Despite current employee anxiety, several tech companies are still hiring, and the U.S. economy has added 304,000 jobs so far in 2026 with an unemployment rate of 4.3%.
– President Donald Trump postponed the signing of a planned AI executive order, likely to avoid hindering U.S. competitiveness in the global AI race, which the U.S. still leads.
