They're Firing Everyone And Getting Rich From It
Big companies are laying off thousands to boost profits and funnel wages into AI—while unemployment rises, execs get richer, and most Americans fight for fewer high-paying jobs.
Despite record profits, Amazon plans to cut 600,000 jobs by 2033, investing the savings into AI research, while executives profit from each layoff announcement. Corporations are laying off human workers today, betting that AI will eventually deliver on their promises, despite its current inability to handle complex tasks. Meanwhile, 13.8 million layoffs have occurred, with unemployment rising, particularly among senior employees and new graduates, as companies like Amazon and Microsoft continue to lay off workers while still hiring elsewhere.
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