In late May, Anthropic CEO Dario Amodei raised alarms about the potential for AI to eliminate half of entry-level jobs in the U.S. within five years, possibly causing unemployment to soar to 20%. His concerns echo similar predictions from other executives, turning forecasts of workforce reductions into a competitive narrative among CEOs. For instance, JPMorgan’s Marianne Lake anticipated a 10% reduction in their workforce due to AI, while Amazon’s Andy Jassy warned of a smaller employee base because of the ongoing technological revolution. ThredUp’s CEO and Ford’s Jim Farley echoed these sentiments, predicting significant job losses across various sectors. This shift marks a departure from earlier cautious takes on job displacement, with many leaders now sounding alarm bells about the impending restructuring driven by AI, despite some tech figures downplaying such fears. The growing chorus of warnings suggests substantial changes are inevitable, regardless of public readiness.
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