Corporate America May Be 'AI-Washing' Amid Massive Layoffs, Experts Say

Benzinga

Companies across Corporate America are cutting more than 60,000 white-collar roles this year, with some citing AI—though analysts say many layoffs reflect broader cost-cutting. Amazon, UPS, and Target are among those eliminating jobs to streamline operations and shift investments, raising concerns about a potential white-collar recession.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Corporate America is facing a wave of white-collar layoffs as companies cut more than 60,000 roles

00:07this year amid shifting business models and slowing growth, according to CNBC. Some executives

00:12cite artificial intelligence as a reason for job reductions. Experts say many firms may be using

00:17AI washing to justify broader cost-cutting. Amazon's 14,000 corporate layoffs, the largest

00:22in its history, as part of CEO Annie Jassy, has pushed to trim bureaucracy and reinvest in AI

00:27infrastructure. UPS eliminated 48,000 positions as it restructured operations, while Target cut

00:331,800 jobs to simplify decision-making and address declining sales. Analysts warned the trend may

00:38signal a turning point in the labor market, raising fears of an AI-driven white-collar recession.

00:43For all things money, visit Benzinga.com.

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