00:00The technology industry just posted its worst quarter for layoffs since 2023.
00:05And artificial intelligence is directly responsible for nearly half of the cuts.
00:10According to outplacement firm Challenger, Gray and Christmas,
00:14tech companies cut 78,057 workers in the first quarter of 2026.
00:19More than 76% of those positions were in the United States.
00:24And 47.9%, nearly half, were directly attributed by employers.
00:30to AI adoption and automation.
00:32Oracle quietly cut more than 10,000 positions this quarter,
00:35with savings redirected to data center funding.
00:39Anthropics CEO Dario Amodi and Ford CEO Jim Farley have both warned publicly
00:44that AI will wipe out up to half of all entry-level white-collar jobs in America.
00:49An MIT simulation found AI could replace nearly 12% of the U.S. workforce,
00:54representing approximately $1.2 trillion in lost annual salaries.
01:00Goldman Sachs separately confirms AI is currently eliminating 16,000 American jobs per month.
01:06IBM is bucking the trend,
01:09tripling entry-level hiring,
01:10and insisting the human touch still matters.
01:13But IBM is the exception.
01:15For the 80,000 workers who lost tech jobs in the first three months of 2026,
01:20and for the thousands more facing layoffs this quarter,
01:23the AI revolution is no longer theoretical.
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