Three major companies just tied 19,000 job cuts directly to AI (Meta, Standard Chartered, Intuit)

r/artificial
Generative AI

AI really is killing a ton of jobs and it's underreported. In just the last few days: Meta cut ~8,000 roles via 4am email. Internal wording: “AI restructuring.” Standard Chartered eliminated ~8,000 back-office jobs. CEO literally referred to staff as “lower-value human capital.” Intuit (TurboTax / QuickBooks) slashed ~3,000 jobs (17% of workforce). Official reason: “to focus on AI.” That’s ~19,000 jobs announced on the chopping block in a few days. And then executives get on stage and say things like: “We’re investing in AI to augment our workforce.” Augment is doing a lot of work there.