People walk on the campus of Massachusetts Institute of Technology in Cambridge, Massachusetts, April 15, 2025. Joseph Prezioso | AFP | Getty Images Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across…
In the U.S., postings for entry-level jobs have declined about 35% since January 2023, per data from labor research firm Revelio Labs. Cemile Bingol | Digitalvision Vectors | Getty Images As more companies brazenly declare AI-driven layoffs in 2025, the first jobs on the chopping block appear to be junior positions and entry-level jobs. Graduate…
Artificial intelligence is changing the way human resources leaders envision roles, skills, and experiences of their workforce, as generative AI transforms many jobs. “AI is reshaping the future of work by redistributing tasks within jobs.” Those were the words of a U.S.-based chief human resources officer in response to a flash survey CNBC circulated last…
Fast-casual salad chain Sweetgreen is struggling as its traffic and sales continue to fall and it reports millions in losses each quarter. Its earnings worsened in its third quarter this year, as same-store sales declined 9.5% due in part to a 11.7% drop in foot traffic. Sweetgreen revolutionized the quick service industry after launching in…
Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. Dado Ruvic | Reuters Paramount Skydance said on Monday it expects $1 billion more in merger savings than it previously forecast as it outlines CEO David Ellison’s ambitions for the company. The update came in Paramount’s third-quarter earnings report — the…
A recent string of high-profile layoffs have taken up headlines and caused anxiety in the workforce. Companies announced 153,074 layoffs in October, adding up to 1.1 million cut announcements for the year, according to outplacement firm Challenger, Gray & Christmas. That makes it the worst year for layoff notices since 2009, CNBC reported. But job…
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance…
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs…
Laura Brown and Kristina O’Neill were at the top of their games. They had dream magazine jobs as editors in chief, with Brown at Instyle and O’Neill at WSJ. Magazine. Then they got fired. That’s the term they prefer, by the way. Not part of a restructure, made redundant or laid off. “Same s—canning, different…
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its chief…
