Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, was unwavering as he reflected on the most radical decision of his decades-long career. In early 2023, convinced generative AI was an “existential” transformation, Vaughan looked at his team and saw a workforce not fully on board. His ultimate response: He ripped the company down to the studs,…
In a letter to shareholders last year, JPMorgan CEO Jamie Dimon delivered an uncomfortable truth: AI “may reduce certain job categories or roles,” predicting labor ramifications similar to the printing press, steam engine, electricity, and internet. The tech became the primary suspect as JPMorgan, Goldman Sachs, and Morgan Stanely issued several rounds of layoffs in…
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the…
We are witnessing a false dawn of efficiency. Throughout 2025, corporate America has engaged in a frantic restructuring of the labor market, cutting more than 1.17 million jobs in the first 11 months of the year, a 54% increase from 2024. From the 14,000 corporate cuts at tech giants like Amazon to the nearly 300,000…
Recently news outlets reported that layoff announcements have reached pandemic levels, which is highly concerning, but certainly not unforeseen. At the beginning of 2025, the World Economic Forum reported that 41% of organizations were planning to trim their workforces in the face of rapidly advancing AI. In the second half of the year, six in…
It was the week before Christmas, and Americans got one more dispiriting look at the jobs market. After a year of stalled hiring and “ghost jobs,” Americans are going back to school, retraining, and trying to get off the sidelines. But they’ve been flying blind after the longest federal government shutdown in history clouded the…