After 500 layoffs, Workday says 28% business leaders expect AI to reduce headcount
A Workday workforce report finds 28% of business leaders expect AI to cut headcount, with roles shifting toward advanced AI skills while support for workers adapting lags.
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Work · Wire
AI Becomes Top Reason For Job CutsNew job-cut data reportedly shows AI has become the leading stated reason for layoffs, a sign of how quickly automation is affecting who keeps their job.
Work · Wire
AI could push 11 million Americans into new careers by 2035A McKinsey Global Institute report projects AI could force about 11 million Americans to change careers by 2035, identifying shrinking and growing jobs and the workers facing the hardest transitions.
Human take
11 million is conservative, and so is the timeline. This will happen faster and at a larger scale than this estimation.
Work · Wire
The rise of the 'two-job job': 61% of workers say they're now doing more than one role | FortuneA Korn Ferry survey of over 16,000 professionals finds 61% now do more than one role, with rising workloads and falling motivation as firms flatten management and rely on AI.
Human take
If you are not a developer, you can use AI to code an entire video game. If you are not a tax professional, you can use AI to do your taxes. There's still value in human specialized skills, especially for checking AI work, but this is a gap to close, not a forever-feature.
Work · Wire
HubSpot layoffs to affect 660 employees at Cambridge-based company amid AI shiftHubSpot is laying off about 660 employees as it pivots to an AI-focused strategy, another example of companies restructuring their workforces around AI.
Work · Wire
US payroll data shows young workers' jobs most affected by artificial intelligenceUS payroll data shows employment for 22–25-year-olds in AI-exposed roles fell 4.4% year-on-year in August, continuing monthly declines since October 2023, a sign of early-career displacement.
Work · Wire
Fearing AI, young workers retrain for hands-on jobsSome young workers are leaving office jobs for teaching, health care and the trades out of concern about AI. The shift shows how anticipated automation is already shaping career choices and trade-offs.
Work · Wire
CARIAD restructures software operations around AI, plans 1,600 job cutsVW Group's software unit CARIAD is restructuring around AI and plans 1,600 job cuts, a concrete case of AI reshaping software engineering employment.
Work · Wire
The 'death' of back-office jobs: office work in the AI stormEuronews examines how AI is automating back-office tasks in insurance and banking, and which office roles face displacement first, a pressing concern for clerical workers.