Ford CEO says AI will lead to 50 per cent white-collar jobs vanishing soon, warns US workers will hit hard
Earlier in May, at JPMorgan Chase, Marianne Lake, head of the consumer and community banking division, told investors that the bank expects to cut operations headcount by 10 per cent due to AI integration. Likewise, Amazon CEO Andy Jassy also predicted that the future will see a shrinking corporate workforce, stating in a June memo that AI is a 'once-in-a-lifetime' technology that will reduce the need for many existing roles. 'We will need fewer people doing some of the jobs that are being done today,' he noted.Dario Amodei, CEO of AI startup Anthropic, issued a similar warning. In a May interview, he warned that half of all entry-level jobs could disappear within one to five years, potentially pushing US unemployment rates to between 10 per cent and 20 per cent. 'We need to stop sugarcoating the situation,' he said, urging both business leaders and government officials to face the reality of AI-driven displacement.According to these CEOs, AI will not only transform how we work but also redefine who will work. However, there are also contrasting views—such as from OpenAI CEO Sam Altman, who believes that AI will change the job structure. While he acknowledges that AI will take some jobs, he says it will also create more. 'AI is for sure going to change a lot of jobs.' However, he noted that the change will happen in two phases: 'AI will totally take some jobs away and create a bunch of new ones,' he told Bloomberg.- Ends
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