Lately it feels like every week there’s news about another company cutting jobs, even as those same companies keep investing heavily in AI. In October, U.S. firms announced over 25,000 layoffs, and European companies cut more than 20,000 positions. At the same time, a recent survey found that 78% of U.S. executives say they’re under pressure to prove that AI projects are saving money and boosting profits.
The IMF says AI investment is one reason the U.S. economy hasn’t slowed down as much as expected, with growth projected around 2% for 2025. Still, it raises a big question, if automation keeps expanding while job cuts continue, will that help overall productivity or just widen the gap between tech industries and everyone else?
Source
https://www.reuters.com/business/world-at-work/global-firms-slash-jobs-amid-weak-sentiment-ai-push-2025-10-29/
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