goes much further<\/u><\/a>, writing:<\/p>\n\u201cThe reallocation story is the story. April 2026 alone saw 83,387 announced job cuts, up 38% from March\u2019s 60,620, with AI cited as the primary reason for 21,490 of those cuts. Year to date, the tech sector has shed 85,411 jobs, up 33% from the same point in 2025, the worst pace since 2023. The same companies running those reductions are the ones writing the biggest infrastructure checks in corporate history.\u201d<\/p>\n
According to Lair and others, the direct replacement is clear, and the volume is unprecedented. Lair provides this tally:<\/p>\n
\u201cAmazon has cut roughly 30,000 roles in the last five months. Microsoft has shed about 125,000 through \u2018voluntary\u2019 departures. Alphabet is in the middle of an ongoing 1,500.\u201d<\/p>\n
To most people, that doesn\u2019t look like a blip.<\/p>\n
Our Imagination in Action Conference<\/h2>\n
As we met in April, at MIT, for the annual IIA conference here, a summit which I help to run, there was a lot of talk about AI\u2019s impact on jobs. I can\u2019t count with both hands the number of times that the issue came up on panels. I also interviewed over a dozen people about this, and almost invariably, although they provided qualifiers and came up with a wide spectrum of future projections, there was generally the realization that things are going to be tough for current grads seeking the kinds of entry-level jobs where you learn and advance.<\/p>\n
My colleague Paul Baier from GAI Insights had this to say about the upcoming commencement:<\/p>\n
\u201cWe’re sitting here in April. Next May, 30 days from now, tens of thousands of college graduates will be walking out there. Many parents and grandparents here are really concerned about them.\u201d<\/p>\n
Here\u2019s what Aleksandra Przegalinkstra of Kozminski University said in a panel about AI and the Future:<\/p>\n
\u201cThere\u2019s probably that threshold of proximity that you should not pass, for these ideas to still be original, and for you to claim your agency and to think that they’re really your own – I find that to be a problem that we really will have to solve, because working together with AI can be incredible for me as a researcher, but I don’t know exactly what is the right proximity yet. I’m trying to intuitively figure out. We’re trying to gather data about it, but we really don’t know.\u201d<\/p>\n
Mark Machin of Intrepid Growth Partners, in a panel on capital, spoke to the transience of modern business:<\/p>\n
\u201cI think the key question for everybody, at the top of the food chain, or wherever is the defensibility of all the businesses everybody’s building,\u201d Machin said. \u201cAnd, you know, what is truly going to be sustained defensibility. So you actually have long-term value. So you actually have a 5, 10 year, 15 year future, rather than three years, and then flame out, or less.\u201d<\/p>\n
There are so many more. My point is that burying our heads in the sand will not mean avoiding this real sea change, right now. Stay tuned.<\/p>\n<\/div>\n
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