The post Uber’s CFO Just Said the Quiet Part Out Loud: AI’s Impact on Jobs Will Be Worse Than You Thought appeared first on 24/7 Wall St..
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Uber (UBER) cut its 2026 hiring pace significantly after AI investments reduced the need for new employees, particularly in engineering, demonstrating concrete AI ROI through labor reduction rather than productivity gains. Nvidia (NVDA) and Microsoft (MSFT) have justified massive capital expendit…