The Truth About AI And The Mass Layoffs
CNBC·2025-11-04 17:00
Between January and September 2025, there have been more than 946,000 job cuts announced, with roughly 300,000 from the government sector. That's the highest since 2020, and it's a 55% increase from what we saw last year through the same time period. It would make sense to think AI is to blame for the layoffs.Now that we've had generative AI come in and kind of change the equation, investors and boards are asking management teams: how are you using AI. Why aren't you using AI. Can AI help you streamline cos ...