59% of Companies Are Faking AI Layoffs — Here's How to Tell | AI labor market signals
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59% of Companies Are Faking AI Layoffs — Here's How to Tell | AI labor market signals
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Block just fired 4,000 people — a 40% workforce reduction — while reporting $2.87 billion in profit, up 24% year-over-year. CEO Jack Dorsey called it AI-driven automation. Their stock soared 24% on the news.
This isn't an isolated case. New research shows 59% of hiring managers openly admit they exaggerate AI's role in layoffs because it "plays better" with stakeholders than the truth: cost-cutting disguised as innovation. Meanwhile, only 9% of companies say AI has actually replaced full roles. The gap between the hype and the reality is enormous — and your career is standing in the middle of it.
In this episode, Carlo Thompson dissects the playbook companies use to weaponize AI terminology, exposes which workers are actually at risk, and gives you the exact 7-point framework to determine whether your company is genuinely automating or using AI as cover for a standard cost-cutting exercise.
If your employer has said the words "AI layoffs" in the last six months, this episode is required listening.
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https://docs.google.com/document/d/1heA8HlFO73F46wUu8FJmusQn6-9lck6leCRrgN1VRgY/edit?usp=sharing