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Block Reduces Staff Citing AI Efficiency

Several companies are announcing workforce reductions, citing artificial intelligence as a key factor. One report indicated AI was a factor in 8% of recent job cut plans. Some industry leaders question if this is always genuine or "AI washing." Despite cuts, some companies may rehire for new AI-related roles. This trend highlights AI's evolving impact on employment across various sectors.

https://www.businessinsider.com/list-companies-replacing-human-employees-with-ai-layoffs-workforce-reductions


Binance CEO Confirms No Mass Layoffs Amid Tech Cuts

Binance co-chief executive Yi He announced no significant layoffs are planned. This stance differs from many tech firms cutting jobs. Binance instead prioritizes new hires and global expansion. The company aims to reach three billion users worldwide. Yi He views AI as a productivity enhancer, not a job replacer.

https://stocktwits.com/news-articles/markets/cryptocurrency/binance-ceo-says-no-large-scale-layoffs-planned-amid-ai-job-cuts/cZBdgYuRIzB


If Citi AI was all that and a bag of chips, they’d use it on the least complicated role and get rid of HR.

The record keeping, filing, personnel data correlation yada yada….is nowhere near technically complicated as a majority of roles. If AI can’t manage that, then you can forget it being able to handle anything more than that.

So, start there. Let HR go and let AI run with it. I mean what do they do anyway other than ignore your question and never get back with you. Why pay someone to do that when you can have AI do that as well for no pay.

So you have to layoff, great, awesome whatever….start with HR. Let that role be your AI proving ground.


#WSJ: The CEO Preaching Straight Talk About AI and Job Losses

Wall Street Journal: 4/19/2026 #WSJ 📰

Verizon’s Dan Schulman is all in on AI, but he warns that it is time for business leaders to acknowledge its disruptive potential.

For a big-company CEO with big AI ambitions, Verizon's [vz0.24% v
Dan Schulman doesn't pull punches about the pain the technology could unleash on America's workforce.
Just months into the job, he has predicted 20% to 30% unemployment within the next two to five years. He warns that advancements in humanoid robots could upend the manual-labor jobs still seen as safe today. And he has pushed for more education and reskilling to help workers adapt to the intensifying tech disruption.
Couched in the blunt AT talk is a warning for other CEOs: Be candid about the coming disruption, or risk a public backlash. “It’s a very difficult time, and everyone knows it is,” Schulman said in an interview with The Wall Street Journal. “So I think being authentic, being realistic, telling the truth, as best you can” is key. That belief, he said, is why Verizon created a $20 million career-transition and retraining fund for the “age of AI” when the company began laying off 13,000 workers last year.
Schulman's big picture has also included sweeping job cuts. The 13,000 #layoffs he announced shortly after his appointment
as CEO in October were Verizon's largest ever —but necessary to make Verizon more efficient, he said. Altogether, he is seeking to cut $9 billion in costs. Verizon has said its #layoffs weren't related to AI.
The carrier was "too hierarchical, way too bureaucratic, way too process-oriented as opposed to outcomes-oriented," Schulman told investors at a Morgan Stanley (M5100% ) event last month.
In meetings, he has repeatedly told Verizon staff they must embrace AI, describing it as core to the company's future. He used it himself to comb through some He used it himself to comb through some 8,000 responses after asking employees how he could reduce bureaucracy, he said.
Schulman's embrace of Al goes deeper than cost-cutting. He envisions a company wholly reshaped by the technology, from improved customer service to more personalized options for
consumers.
And he has encouraged staffers to talk to their children about Al at the dinner
table. In one all-hands, Schulman recommended that staff ask Al to write their obituary to see how the technology works and how it frames their lives. He
has also invited staffers to experiment with AI by writing poems to their loved ones. (He said he has done the same for his wife.)
Some employees responded by using Al to write poems for Schulman-and they weren't bad, he said. ~
https://www.wsj.com/tech/ai/the-ceo-preaching-straight-talk-about-ai-and-job-losses-a3aaaaf1?


TN AI CUTS (https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007)

  • Global tech layoffs have topped 80,000 in the last four months, and Tennessee has been affected despite its push to grow as a tech hub.
  • Nashville workers were caught in major cuts, including Oracle’s 25,000 layoffs in March tied to AI infrastructure investment and Amazon’s 16,000 layoffs in January after earlier reductions.
  • Experts say AI is not only driving workforce reductions but could also put downward pressure on pay for some tech roles.
    https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007

The AI Future of Fortune 500 Companies - AI Will Replace Most of Our Job Descriptions?

The Wall Street Journal

For a big-company CEO with big AI ambitions, Verizon’s Dan Schulman doesn’t pull punches about the pain the technology could unleash on America’s workforce.

https://on.wsj.com/4cwXDPw

Just months into the job, he has predicted 20% to 30% unemployment within the next two to five years. He warns that advancements in humanoid robots could upend the manual-labor jobs still seen as safe today. And he has pushed for more education and reskilling to help workers adapt to the intensifying tech disruption.

Couched in the blunt AI talk is a warning for other CEOs: Be candid about the coming disruption or risk a public backlash.


Pay Attention: AI Isn’t a Tool — It’s the Strategy

BNY employees increasingly describe changes that align with the AI‑driven cost‑reduction strategies McKinsey promotes to large financial institutions.

The most visible shift we see is the steady automation of repetitive, rules‑based work that RV brags about in the media — onboarding, KYC refresh, reconciliations, service requests, and exception routing. Employees report that tasks once handled by full teams are now processed through AI‑enabled workflows, reducing the need for manual roles and shrinking job families.

Decision‑support AI is also reshaping middle‑skill positions. Workers note fewer analyst roles, broader spans of control, and more “AI‑assisted” oversight, which mirrors McKinsey’s recommendation to streamline mid‑tier functions by embedding intelligence into platforms rather than people.

The Platform Operating Model (P-O-M) accelerates this transition. Employees describe work being standardized, centralized, and moved offshore once AI reduces the skill threshold required. This matches McKinsey’s model: automate first, relocate second.

The impact on employees is becoming clearer. Career paths in legacy operations, service, and processing roles are narrowing as automation absorbs institutional knowledge and reduces the value of tenure. Job security is declining in functions where work can be digitized, offshored, or both. New roles are emerging in AI governance, data quality, and exception management — but not in volumes that offset reductions.

Employee reports consistently reflect the same conclusion: AI is not just a tool at BNY; it is a restructuring engine.


Morrisons Announces 200 Job Cuts in AI-Driven Restructuring

Morrisons plans to cut approximately 200 roles at its Bradford head office. These reductions will affect positions across marketing, commercial, and technical teams. The layoffs are part of a multi-year transformation strategy. This initiative focuses on accelerating AI adoption and automation within the business. Morrisons aims to strengthen central functions and improve efficiency in challenging market conditions.

Bradford, UK

https://www.thestreet.com/employment/127-year-old-retailer-confirms-more-cuts-in-2026-morrisons


New York Fed: AI Transforms Work, Limits Immediate Job Cuts

A new study from the Federal Reserve Bank of New York indicates AI will reshape jobs rather than eliminate them immediately. The report suggests AI will augment more roles than it replaces in the near term. White-collar occupations, including finance and technology, are most exposed to AI tools. This technology is expected to boost productivity without a proportional increase in hiring. However, long-term effects on employment and wages remain uncertain.

New York, NY

https://www.thestreet.com/employment/ai-wont-trigger-mass-layoffs-yet-fed-study-says


Oracle Restructures, Nashville Engineers Laid Off

Technology companies globally laid off over 80,000 employees recently. These job cuts also impacted workers in Tennessee. Nashville-based Oracle Corp. engineers were among 25,000 company layoffs. This restructuring aims to invest in artificial intelligence infrastructure. Amazon also laid off 16,000 workers, including some in Nashville.

Nashville, Tennessee

https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007/


Firms Reassess AI, Rehire Workers

Companies are laying off workers after adopting artificial intelligence. This trend is known as "AI boomerangs." These same companies later rehire staff. Leaders reassess AI capabilities and limitations. Robert Half expert Travis Laird discussed this phenomenon.

https://www.azfamily.com/video/2026/04/16/ai-boomerang-hiring-trend-why-companies-rehire-after-ai-layoffs-generation-ai/

Phoenix, AZ


Spiegel's memo

Dear Team,

Today we are announcing changes that will impact approximately 1,000 team members at Snap, including 16% of our full time employees, in addition to closing more than 300 open roles. This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us. You have made important contributions to Snap, and we are committed to supporting you through this transition.

Last fall, I described Snap as facing a crucible moment, requiring a new way of working that is faster and more efficient, while pivoting towards profitable growth. Over the past several months, we have carefully reviewed the work required to best serve our community and partners, and made tough choices to prioritize the investments we believe are most likely to create long-term value. As a result of these changes, we expect to reduce our annualized cost base by more than $500 million by the second half of 2026, helping to establish a clearer path to net-income profitability.

While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers. We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements in our Snap Lite infrastructure.

If you are part of our North America team, please work from home today. In the US, impacted team members will receive an email notification within the next hour, including information about next steps. For non-US locations, you will receive additional details about next steps from leadership and HR.

To our departing colleagues: thank you. Your hard work has helped shape Snap, and we are deeply grateful for your contributions. For U.S.-based team members who are leaving, we will provide four months of severance, healthcare coverage, and equity vesting, along with career transition support. Outside the U.S., we will follow local processes and seek to provide comparable support aligned with local norms.

To everyone continuing on this journey: change of this magnitude and at this speed is never easy and it will not be seamless. Thank you for your resilience, compassion, and commitment to one another, and to the community and partners we serve. Our responsibility is to move forward with clarity, empathy, and determination as we build a faster, stronger, and more durable Snap for the long term.

Evan


Snap Cuts 95 Washington Roles for AI Automation

Ninety-five jobs were eliminated by Snap. These cuts occurred in Washington state. The company implemented broader layoffs. Snap seeks to increase automation. This strategy emphasizes AI-driven operational efficiency.

https://letsdatascience.com/news/snap-cuts-95-washington-state-jobs-for-ai-efficiency-72fad0d2


Productivity tracker

I have not seen a post about the new productivity tracker going on. The first meet had most all principle engineers up and worried as they were told last year to start using AI, create tickets and push releases. After 4 months, they are most categorized as low value to the company. Only few senior engineers had records of commits and massive of features pushed to production.

It's just a say do process. Say we are doing this, assign it to a person, assign to a secondary, do what the ticket says, push the code and close, and repeat.

I am not surprised those principle engineers can even write down what they're going to do or want to do


Final Agreement for Layoffs signed last week

Job ads will mostly disappear. Senior positions will be T3 and T4 only because they refuse to eliminate any T5 roles. Executives across the board mainly just listen to the executive board without doing much work themselves. The actual work is handled by the T5 and T4 beneath them. Right now, the talk is that the cuts will mainly target T1 and T2 roles to significantly reduce numbers. The idea is that T4 and T3 can take over those jobs with the help of Claude AI. They’re also planning to cut several T3 and T4 positions. These will be replaced by key resources like HR, who are shifting to become development managers. A new position called "SAP AI Architects" will be introduced. This role is similar to other architect positions but is designed to assist HRs in adapting to their new responsibilities since they lack technical expertise. However, some other architect roles will be eliminated. Product Owner and Product Manager roles will also be eliminated under the name of HPOM efficiency. Much of this has been discussed for months now and this seems like this is pretty much the final version.

Performance Management will be we-ponized against anyone who voices too many complaints. It will also serve to keep everyone’s loyalty in check. In 2026 and 2027, benefits and salary budgets are set to be slashed even more to boost share buybacks. And of course to give more bonuses to the executive board and executives in all areas. Unfiltered surveys will be above 70% for trust in the board regardless of how employees vote in 2026.

It’s crucial for employees to grasp where things went wrong. The supervisory board elected two years ago has been quite anti-employee and pro-layoffs. They’ve actively worked to increase bonuses for the executive board while cutting salary budgets and benefits for regular employees. The new Works Council is mostly made up of the same people as before. Sadly, they seem more focused on securing a good layoff deal for themselves and then leaving. This pattern happened four years ago when half the Works Council left and it is repeating itself now. The answer is to elect pro-employee, anti-layoff candidates to both the Works Council and the Executive board. These candidates should hold the executive board accountable for SAP's strategy. And honestly, executives in most areas should be laid off. A majority of them are millionaires already and are only here to drain as many Euros as possible from SAP into their own pockets. T5s who have been with SAP for a long time are pretty much useless as they are disconnected from reality and only interested in building their "empires".

Ask your representatives after the announcement why they failed you.


Reorganization Means Layoffs

Every time you get an email about a re-organization, you can expect layoffs to follow. This will continue under our current CEO. It’s a way to distract and perform for the board with dismal earnings. Some advice: understand and use AI, you are marked if you don’t; speak up in meetings or you are marked if you don’t; take extra training and courses offered, you are marked if you don’t; if you have unlimited PTO, don’t overuse it, you are marked if you do.


SeoProfy Study Ranks Maryland Third for AI Jobs

Maryland ranks third nationally for Artificial Intelligence job opportunities. It boasts 36.4 AI jobs per million working-age residents. This density surpasses larger states like California and New York. SeoProfy analyzed 2,624 AI job postings for the study. The state is a top destination for AI professionals.

Maryland

https://www.eyeonannapolis.net/2026/04/maryland-emerges-as-the-3-hotspot-for-artificial-intelligence-jobs/


Project Phoenix AI transformation

Just got off a call where Project Phoenix will be implemented- first in back office functions previously outsourced to India, PR, etc. Next will be the sales force. Strange that optimizing internal processes are the first targets instead of improving the state relationship but here we are. You will see me exit Gainwell soon. Good luck to everyone- layoffs are incoming across the board.


Quiet Cutting

The rot in the middle is finally panicking. For years, they survived by feeding off cheap foreign labor and disposable entry-level workers, while crushing real talent or forcing others to stoop to their level. They never built anything of substance; they only guarded their turf. Now AI has changed the landscape, and they are exposed. They neither understand it nor can they control it. Their era of quietly cutting others down is ending. It is time for them to face the music. And the people they looked down on as “deplorables” may soon become far more powerful than the gatekeepers who once sneered at them.


UKG Restructures, Cuts 950 Jobs Worldwide

Ultimate Kronos Group (UKG) notified 950 employees of job eliminations. The layoffs are part of a global restructuring effort. Many affected employees worked in South Florida offices. UKG cited evolving market shifts and an "AI-first" transformation. This action impacts 6% of the company's worldwide workforce.

https://www.sun-sentinel.com/2026/04/16/ukg-formerly-ultimate-software-lays-off-950-employees-many-from-south-florida-offices/


How IBM Is Measuring AI’s Real Impact on Productivity

(27 minute run time)

https://www.wsj.com/video/how-ibm-is-measuring-ais-real-impact-on-productivity/E30AB12D-6125-4C4C-AB92-050C534B46F2

By: Wall Street Journal |
March 26, 2026

Nickle LaMoreaux, chief human resources officer at IBM, discusses how the company is reimagining HR and the broader workforce through the lens of AI and experience-driven strategy.


Q re AI Impacts

I want to see what people on this board think about the impact of AI on our industry or specific roles/teams. I know that things are already happening and that there is no going back, it's not looking good. But I also thing that the impact is not going to be linear and that some parts will be affected more than others. What do you think and are you seeing it already. I am in Finance/planning so impacts have been limited so far but I can see situations where some of the low level work is completely done with AI.