Part 3/11:
Companies such as Clara, Duolingo, and Salesforce have announced replacing significant portions of their workforce with AI. For example, Clara CEO Sebastian Matikovski reported a 40% reduction in staff due to AI integration. Salesforce laid off 4,000 customer support roles in September, and these are early indicators of a trend that isn’t slowing down.
Job openings have plummeted to their lowest levels since February 2021, despite economic conditions that previously suggested stability. Interestingly, retailers are reducing holiday season hiring even as consumer spending is projected to reach record levels—indicating a decoupling of economic growth from employment.