From Cisco to Block, more companies are pointing to AI when unveiling job cuts :: WRAL.com
From Cisco to Block, more companies are pointing to AI when unveiling job cuts :: WRAL.com
Publish Date: 2026-05-14 16:15:00
Source Domain: www.wral.com
- Recent layoffs in various sectors, especially in tech, have increasingly cited the rapid adoption of artificial intelligence (AI) as a contributing factor.
- Concerns about AI’s impact on job security are widespread among workers across industries. Even though AI is not directly causing job losses, companies redirecting funds to AI technology or streamlining operations have raised alarms about future employment prospects.
- While AI is highlighted in some layoff announcements, it is not the sole reason. Most companies cite broader corporate restructuring and macroeconomic challenges.
- Several notable companies that have recently announced layoffs and mentioned AI include Cisco Systems, financial services provider Block, chemicals maker Dow, Inc., Pinterest, and Lufthansa Group.
- Despite these layoffs, these companies and others like Meta, Microsoft, and Amazon are investing heavily in AI, suggesting a complex interplay between cost-cutting measures and future technological investments.
- Executives of some companies hint at potential new roles created by AI, though the actual drivers of layoffs remain unclear and may be influenced by communication aimed at investors and stakeholders.
