Rising Trend of AI-Driven Job CutsAI JOB CUTS ACCELERATEAI-linked layoffs have been rising worldwide. According to a Reuters tally, companies have announced more than 61,000 job cuts tied to AI, including Amazon, Pinterest and Australia's Wisetech since November. But until now, most executives and policymakers have been more guarded than Dorsey when talking about AI and jobs. On Friday, Bank of America global economists Claudio Irigoyen and Antonio Gabriel said AI could ultimately affect a quarter of all jobs. Michael Ashley Schulman, partner and CIO at Running Point Capital Advisors, warned of unintended consequences from drastic steps like Block's.

Source: The Guardian February 27, 2026 19:49 UTC