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Barchart
Nash Riggins

Andy Jassy and Jack Dorsey Blamed AI for Massive Layoffs, but OpenAI CEO Sam Altman Warns ‘AI Washing’ Is Real. What’s Really Going on with Huge Job Cuts?

There’s been a pretty clear-cut pattern to all the big layoffs that we’ve seen over the past year. Companies announce a major cut, executives blame AI, and markets nod along like it all makes perfect sense.

Amazon (AMZN) did it last year, and Jack Dorsey followed suit in February. Corporate leaders have been warning us for years about job displacement as a direct result of AI efficiencies, and it looks like it's finally happening. That’s just something we’ve all got to accept, right?

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