The AI&Work Chronicle

<p>A Bank CEO Called His Employees “Lower-Value Human Capital.” Then He Apologized. Then He Explained That He Was Right.</p><p>On Tuesday, May 19, Standard Chartered CEO Bill Winters stood before investors at a briefing...

<p>In Today’s News</p><p>Meta Fired 8,000 People Yesterday, From 4am Onward</p><p>Amazon’s Jeff Bezos Tries To Sell The Wonders Of AI</p><p>Pew Research Says Most Americans Dislike The Idea Of AI</p><p>Upwork Cuts A...

<p></p><p>Eight Thousand Jobs Disappear at Meta Tomorrow. Federal Data Shows the Pattern Runs Far Deeper.</p><p>Wednesday morning, Meta begins cutting roughly 8,000 employees, or 10 percent of its global workforce. The...

<p>A class-action lawsuit filed January 20 in California names Eightfold AI as a defendant and alleges that the company scraped social media profiles, location data, internet activity, and tracking data on over one...

<p>Klarna replaced approximately 700 customer service workers in 2024 with AI. Klarna is primarily known for its "buy now, pay later" business model. The company CEO, Sebastian Siemiatkowski, trumpeted through every...

<p>UC Berkeley found that employees who embraced AI tools most enthusiastically did not work less. They worked more.</p><p>The research team tracked workers at a 200-person technology firm over eight months, and...

<p>The tech sector has shed more than 100,000 workers in 2026 alone, running at roughly 864 job cuts per day as of early May. A separate analysis finds that 275,000 AI jobs sit open while laid-off workers lack the...

<p>The tech sector has shed more than 100,000 workers in 2026 alone, running at roughly 864 job cuts per day as of early May. A separate analysis finds that 275,000 AI jobs sit open while laid-off workers lack the...

<p>The week’s defining story arrived on May 8, when Cloudflare announced it was cutting 1,100 workers — roughly 20% of its workforce — on the same day it reported its best revenue quarter in its 16-year history. The...

<p>The headline unemployment rate is 4.3%. Jobless claims hit their lowest level since 1969. By every standard measure, the American labor market is healthy. That is the story the statistics tell. The story underneath...

<p>Graduation season has arrived, and the Class of 2026 is walking into the worst entry-level job market in four years. The unemployment rate for recent college graduates hit 5.7% in the fourth quarter of last year...

<p>On Monday, Coinbase CEO Brian Armstrong published one of the most explicit descriptions of AI-driven organizational redesign yet written by a public company executive.</p><p>The company cut 700 employees, roughly 14%...

<p>A New York Times investigation published this week titled “Silicon Valley Is Bracing for a Permanent Underclass” documents something the AI industry has kept carefully managed: the people building these systems hold...

<p>Glassdoor’s Employee Confidence Index shows that the tech sector recorded the largest year-over-year drop in worker confidence of any industry in March, falling 6.8 percentage points to 47.2%. Less than half of tech...

<p>A new report from payroll platform Gusto finds that small businesses will hire roughly 974,000 new graduates aged 20 to 24 between April and September. The report defines small businesses as firms with one to 49...