AI is already reshaping jobs, but not yet productivity

Employment Trends - AI is expected to change work by shrinking the workforce and boosting productivity [1] - Stanford data indicates a 13% drop in employment for workers under 25 in jobs most exposed to AI [2] - MAG7 companies are reducing middle management, with Alphabet cutting 35% of small team managers [3] Company Strategies - Companies are seeing initial productivity gains from AI experiments, but widespread efficiency is still a challenge [1] - Companies are freeing up resources for AI development by cutting back middle management [4] - Companies are removing layers of leadership to speed up product cycles [4] Efficiency Gains - One manager is now able to do the work of three with the deployment of generative AI tools internally [5] - Microsoft is shedding 15,000 roles [3] - Amazon is pushing to flatten their org chart [3]