Core Viewpoint - The rise of AI is leading to significant job losses, particularly in the tech industry, with predictions of a drastic increase in unemployment rates as AI takes over entry-level positions [2][6][58]. Group 1: AI Impact on Employment - Amazon's CEO indicated that the company will reduce its workforce due to efficiency gains from AI, suggesting a shift in job structures with some roles becoming obsolete while new ones emerge [4][5]. - Dario Amodei, CEO of Anthropic, warned that half of entry-level white-collar jobs could be eliminated by AI within five years, potentially raising unemployment rates to 20% [6][8]. - A 45-year-old HR professional was unexpectedly laid off despite strong performance, highlighting the unpredictable nature of job security in the face of AI advancements [14][16]. Group 2: Specific Job Loss Cases - A 42-year-old full-stack engineer, after 21 years in the industry and earning $150,000, was laid off shortly after helping to implement AI tools, forcing him to take on delivery jobs to survive [28][29]. - The tech industry is experiencing the most severe job cuts, with many employees expressing anxiety over potential layoffs [23][24]. Group 3: Corporate Strategies and Responses - Google has initiated a voluntary severance program for employees in its Platforms and Devices division, aiming to redirect funds towards AI development [38][40]. - The company plans to invest $75 billion in AI, significantly increasing its budget from $52.5 billion the previous year, as it faces competition from AI-driven companies [48]. Group 4: Job Market for Graduates - The unemployment rate for recent graduates has reached its highest level since 2021, exacerbated by AI's impact on entry-level job availability [53][57]. - Many graduates are struggling to stand out in job applications due to AI screening processes, leading to a sense of hopelessness among job seekers [56][60].