Core Insights - Concerns about AI replacing human workers have escalated, with a recent MIT study indicating that AI can replace 11.7% of the US labor market [1] Company Actions - HP: Plans to cut 4,000 to 6,000 jobs by the end of 2028, aiming to save around $1 billion through AI initiatives and workforce reductions [6][7] - IBM: Has replaced hundreds of HR employees with AI and plans to cut thousands of workers by Q4 2025, while also shifting focus to hire more in AI and quantum roles [10][11][12] - Amazon: Announced 14,000 job cuts, with CEO stating the layoffs were not primarily driven by AI but rather cultural reasons [15][16] - Salesforce: Reduced customer support headcount from 9,000 to 5,000 due to AI agents, while successfully redeploying hundreds of employees to other areas [20][21] - Klarna: CEO indicated the company could operate with half its current staff, with AI handling the workload equivalent to 853 full-time agents, saving an estimated $58 million annually [25][26] - Fiverr: Slashed approximately 30% of its workforce, affecting about 250 employees, to become a leaner "AI-first company" [31][32] Industry Trends - A World Economic Forum survey found that 41% of companies globally expect to reduce their workforces over the next five years due to AI, while tech jobs in big data, fintech, and AI are projected to double by 2030 [3]
6 companies that have signaled they are replacing human employees with AI