20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
- Apr 27
- 1 min read
CNBC — Many economists and industry experts are fearful that a labor crisis may be upon us today — not coming sometime in the future — given how quickly AI is sweeping across corporate America. As of this week, over 92,000 tech workers have been laid off so far in 2026, according to Layoffs.fyi, bringing the total to almost 900,000 since 2020
“This represents a fundamental structural shift rather than a temporary market correction,” said Anthony Tuggle, an executive coach and leadership expert who previously worked in AI. “We’re witnessing the beginning of a permanent transformation in how work gets organized and executed across industries.”
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