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The Overhyped AI Job Apocalypse: A Closer Look at the Real Drivers Behind Recent Layoffs
In recent weeks, headlines have been dominated by alarming reports of unprecedented job cuts across the United States, especially within the tech industry. Bloomberg highlighted that US companies announced over 153,000 layoffs in October — the highest in over two decades since 2003 — signaling a significant contraction in the labor market. While many are quick to attribute these layoffs to the rapid adoption of artificial intelligence (AI), a deeper examination suggests that the narrative is more complex—and perhaps more manufactured—than it appears.