Companies Cite AI Driving Workforce Reductions

Amazon announced 16,000 corporate layoffs last week, and firms including Pinterest, Expedia and Dow have also linked recent cuts to AI-driven efficiency. Economists and a Jan. 16 Goldman Sachs tracker caution AI's labor-market effects remain limited and causal links ambiguous, prompting scrutiny over whether cost-cutting rather than AI productivity primarily motivates these workforce reductions.