American Express to Cut 5% of Global Workforce, or About 3,850 Jobs, Ahead of AI Shift
American Express plans to cut about 5% of its global workforce, roughly 3,850 jobs, as it prepares for AI, adding to a wave of AI-linked white-collar cuts in finance.
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Norway's biggest bank DNB to lay off around 400 staff amid AI-driven changesNorway's largest bank DNB plans to cut about 400 jobs, with its CEO citing AI's changes to work and customer service, adding to evidence of AI-linked white-collar job losses.
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HSBC’s UK Wealth Unit Preps Big Job Cuts As AI ExpandsHSBC may cut about half of management and up to 70% of adviser roles in its UK wealth unit as it shifts to AI tools, a direct example of AI displacing skilled white-collar work.
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Microsoft offers buyouts to 60,000 workers as it pours money into AIMicrosoft is offering voluntary exit packages to about 60,000 employees, roughly a quarter of its staff, as it shifts investment toward AI, a large-scale sign of AI-driven workforce restructuring.
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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.
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Kroger to layoff 3,000 corporate employees over 3 years as it leans into artificial intelligence – WTOP NewsKroger plans to cut 3,000 corporate jobs over three years while expanding its use of AI, extending AI-linked white-collar cuts beyond tech into retail.
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Vast majority of executives expect AI layoffs soon, survey saysA survey reports most executives expect AI-driven layoffs soon while employee anxiety rises, signaling that companies plan workforce cuts tied to automation.
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Amazon job cuts hit hundreds as tech giant denies AI linkAmazon is cutting hundreds more jobs worldwide while denying the cuts are driven by AI, amid a wave of tech layoffs often attributed to automation.
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After 500 layoffs, Workday says 28% business leaders expect AI to reduce headcountA 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.