Amazon cuts 16,000 corporate jobs while Pinterest and Dow cite AI automation as reason for workforce reductions, though economists say AI's labor impact remains limited.
Pinterest announces workforce reduction of less than 15% to reallocate resources toward AI-focused roles and AI-powered product development initiatives.
Amazon accidentally announces 16,000 job cuts via misfired internal email, marking second major layoff round in six months as company embraces AI automation.
Global leaders at the World Economic Forum in Davos are raising alarms about AI's profound impact on the labor market, with the IMF describing it as a 'tsunami.' Discussions highlight nearly 55,000 US layoffs in 2025 attributed to AI and the urgent need for workforce upskilling.
Meta discontinues Horizon Workrooms and lays off 1,000+ Reality Labs employees as company shifts focus from metaverse to artificial intelligence development.
