New Research on How Layoffs Affect the Labor Market

New Research on How Layoffs Affect the Labor Market

When a recession hits or is looming, many companies turn to layoffs in order to preserve cash and maintain flexibility in the face of economic uncertainty. However, new research on U.S. corporations and job cuts finds that when many firms cut jobs at once (as is typical during a recession) it can have an outsized economic impact on workers and local labor markets. To protect markets and offset the impact that layoffs have on workers, firms and p…

In job losses, AI's role may be bigger than companies say - Los Angeles Weekly Times

Klaus Vedfelt | Digitalvision | Getty Images As rounds of layoffs continue within a historically strong stock market and resilient economy, it is still uncommon for companies to link job cuts directly to AI replacement technology.   IBM was an outlier when its CEO told the Wall Street Journal in May that 200 HR employees were let go and replaced with AI chatbots, while also stating that the company’s overall headcount is up as it reinvests else…

AI Replaces Jobs Quietly Amid Corporate Layoffs

As companies continue to announce layoffs in a resilient economy, experts believe there’s a hidden factor at play: artificial intelligence. While firms often frame job cuts as “optimization” or “restructuring,” insiders suggest these terms are increasingly being used to mask large-scale AI-driven displacement. Some companies, like IBM, have openly acknowledged the shift. In May, the […] The post AI Replaces Jobs Quietly Amid Corporate Layoffs ap…

In recent layoffs, AI's role may be bigger than companies are letting on - Daily news Update

Klaus Vedfelt | Digitalvision | Getty Images As rounds of layoffs continue within a historically strong stock market and resilient economy, it is still uncommon for companies to link job cuts directly to AI replacement technology.   IBM was an outlier when its CEO told the Wall Street Journal in May that 200 HR employees were let go and replaced with AI chatbots, while also stating that the company’s overall headcount is up as it reinvests else…