Between January and September 2025, there have been 946,426 job cuts announced, with roughly 300,000 from the government sector, according to Challenger, Gray & Christmas. But some economists don't buy that recent layoffs are caused by AI. Economic uncertainty, tariffs and less consumer spending might be hurting U.S. workers more than CEOs will admit. Chapters: 0:00 Introduction 1:37 Chapter 1: AI washing 3:18 Chapter 2: Cutting corporate bloat Produced and Shot by: Charlotte Morabito Edited by: Andrea Miller Additional Reporting: Gabrielle Fonrouge, Steve Liesman Animation: Jason Reginato Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to level up your AI skills? Sign up for Smarter by CNBC Make It's new online course, How To Use AI To Communicate Better At Work. Get specific prompts to optimize emails, memos and presentations for tone, context and audience. Sign up today: https://cnb.cx/47ELu8O Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC The Truth About AI And The Mass Layoffs
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1:13 Oh thank god, AI is only taking jobs from recent college graduates and entry level positions… I was worried that the poor, innocent upper management and stakeholders would be affected!
AI should be able to take over CEO jobs if anything
It was greenwashing in 2010s, now it’s AI-washing in 2025…
My entire team read Selwyn Raithe's book and we all made major life changes. The author exposed the timeline they're following. Read it while you still have time to adapt. You'll thank me when you're ready.
It's not just AI, the goal is to devalue labor so people would accept lower wages. The AI capabilities or capacity has been heavily overstated.
This is the problem when have stockholders that don’t know anything tell you how to run your business. Running the economy to its lowest just to get a return on investment.
It’s good to see that some main stream outlets aren’t completely bought into the AI hype. Liesman was right, there’s a lot of assumptions be made about AI replacing jobs that simply isn’t supported by the evidence. There are far more structural economic reasons for why layoffs subdued hiring are happening right now.
- “Sell me this pen” - “It’s got AI in it”
Corporate Greed and a convenient excuse that blindly boosts investor confidence
This analysis is spot on. The comments these folks make is 100% accurate. It helps with tasks, coding , writing , researching , but can’t really do an entire job . It can’t even do customer service!!!!
Got laid off and accidentally discovered a whole identity outside of spreadsheets, which apparently includes making music instead of crying into PowerPoints. Still job hunting and learning new stuff, but honestly the plot twist of becoming a part-time musician is keeping me sane.
Layoff due to AI. Layoff due to Robot, Layoff due to internet. Layoff due to computer. Layoff due to automation. Layoff due to globalization. Layoff due to global warming. Layoff due to oil running out. Layoff due to 😂
I was told I’m being laid off, I’m not sure if I was laid off because of AI, but I’m certain that it’s becoming harder to get hired due to AI. AI auto rejects many applications
How about replacing the management layers with A.I. and letting the workers stay. Might be an improvement.
This analysis says companies are using "AI" as an excuse for layoffs. The video argues that businesses are really just "hurting" or "bloated", and they only say "AI" to make their stock price go up. This misses the main point. The business isn't "hurting" by accident. It is "hurting" because it is spending billions of dollars to buy the new AI systems. The layoffs are not an excuse; they are how they pay for the AI. This is the definition of Wage Compression. Companies are trading the high cost of human workers for the high cost of new machines. The goal is to replace the human worker permanently - or at least the vast majority of human workers.
Read the CNBC website article on this, this morning. I was wondering when the video will drop. Thanks.
So companies are so concerned to admit publicly that the economy is in bad shape, in fear of government abusive pressures, that they are now blaming AI? OMG. How can we solve problems when we keep creation illusions out of fear and/or corruption?...
It's less embarrassing for corporate management to blame layoffs on (so-called) A.I., then to admit they are incompetent and hired too many people in the first place.
Been saying this for the longest! Anyone who has ever worked in corporate America 🇺🇸 knows that 90% of ALL the jobs are BS! You spend most of your day sitting around or in pointless meetings. The only time of business is when the occasional project comes along. This was the case way before AI. 😳
I found that Pneumatic Workflow handles workflow automation better than other AI tools I've tried.