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Benzinga

Business

Piero Cingari

Profits Soar, Jobs Vanish: How AI Created A Tale Of Two Economies

Chen Zhao US Federal Reserve Alpine Macro United States Artificial Intelligence Inflation

AI taking jobs

There's something uncanny about today's job market: corporate profits are surging, tech companies are delivering blockbuster earnings, and yet tens of thousands of high-skilled jobs are quietly disappearing—replaced not by cheaper labor, but rather artificial intelligence.

Just last week, Amazon.com Inc. (NASDAQ:AMZN) announced 30,000 layoffs, explicitly citing artificial intelligence as the main driver. Meta Platforms Inc. (NASDAQ:META) and Salesforce Inc. (NASDAQ:CRM) are following suit.

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These Minnesota Parents Were Censored at a Public Meeting for Saying School Employees' Job Titles

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Top stories on inkl right now

Trump administration to assign government lawyers to migrant kids’ cases, worrying advocates

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The Trump administration is creating a team of attorneys to represent children who traveled alone to the United States in immigration proceedings, which critics say would deprive them of having lawyers who aren’t employed by the government and could put them at greater risk of deportation

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One subscription that gives you access to news from hundreds of sites

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These Minnesota Parents Were Censored at a Public Meeting for Saying School Employees' Job Titles

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