BUSINESSCBS NEWS
AI is driving more job cuts and weighing on hiring, economists say
Economists indicate that AI is increasing job cuts and reducing hiring in the U.S. labor market, despite overall job losses remaining limited.
Related Signal
Adjacent reporting
- AI is as a top cause of layoffs, accounting for 26% of April's job cuts
- More companies are pointing to AI as they lay off employees
- Labor market resilient to AI, so far
- AI is ALREADY killing jobs and firms believe they can grow without hiring more staff says ex-PM Sunak with plea for employment tax cuts
- Germany goes from labour shortages to hiring freezes
- Companies name AI as top reason for job cuts for second straight month: Analysis