Goldman Sachs gives brutal jobs warning that will make every American desperate to avoid being laid off

Daily Mail ^ | April 8, 2026 | Sara McGiff

[Angelino97]

Goldman Sachs has issued a stark warning to workers caught up in the AI-driven layoff wave – finding a new job could take longer, and it may pay less when they do.

The Wall Street giant says tech employees displaced by automation are facing a tougher road back into work than those in more stable industries.

To make matters worse, the very technology replacing them also erodes the value of their skills.

In March alone, US employers announced 60,620 job cuts - a 25 percent increase from the previous month - with AI linked to roughly one in four of them.

With tens of thousands of highly skilled workers now competing for fewer roles, Goldman Sachs strategist Pierfrancesco Mei warned the impact could linger well beyond the initial job loss.

'They take approximately one month longer to find a new job and suffer real earnings losses of more than 3 percent upon re-employment, compared with negligible losses for workers displaced from more stable occupations,' Mei wrote.

Much of the damage comes from workers being pushed into lower-level or more routine roles. The same technology that eliminated their positions also reduces the value of their skills, he added.

So far this year, Amazon, Oracle, Meta, Atlassian and Block have laid off tens of thousands as layoffs sweep across the tech industry amid the accelerating AI arms race.

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TOPICS: Business/Economy; News/Current Events
KEYWORDS: concerntroll; concerntrolling; dailywail; fakenews; goldmansachs; illegals; panicporn; saramcgiff

[Brian Griffin]

AI

Can’t clean up a voter roll.

[DIRTYSECRET]

We need more plumbers and welders. No need to learn to code.

[ClearCase_guy]

On the one hand, I do think AI is going to be very transformative, and I do think it will happen pretty soon. But it’s not clear that today is the day.

But there is a lot of evidence that companies want to prune their workforce. Sometimes it’s because they are planning to hire H1-Bs. Sometimes they just want fewer workers. Sometimes they just want to pay people lower wages. And they need to come up with an excuse and they want the stock market to see the company as “cutting edge” and “ready for the future”. So they announce layoffs because of the miraculous benefits of AI. It’s not true, but it’s a good story — shareholders like it.

[aquila48]

Yep! The last plumber I used charged $140/hour.

[suasponte137]

I know New York, being a tyrannical leftist scumbags that they are, we’re trying to ban AI from providing legal and medical advice to people because lawyers and those in the medical feels were realizing that they’re losing money because people were getting useful enough information through AI that they were using legal and medical services less

[econjack]

...finding a new job could take longer, and it may pay less when they do

I hate statements that use the words "could" or "may" since they are empty and have no meaning. Yes, it "could" take longer, but they also leave room for the fact that it might not take longer. Yes, it "may" pay less, but they also leave room for the fact that it might not pay less. End result: not a testable hypothesis because it cannot be falsified. Real information content: zero.

[Resolute Conservative]

I have seen postings for senior level software engineers drop by 40-60k per annum over the last 2 years.

[SaxxonWoods]

Work for yourself, be happy and make more money. I never saw a W-2, from 1973 to retirement in 2009 (at ago 60).

[jroehl]

The Indians we allowed into the USA took 5 trillion worth of tech jobs in the last 10 years. You are not allowed to know this fact.

[Opinionated Blowhard]

This idea that AI is responsible for 25% of job loss is BS. That may be true in a limited number of industries, but not the economy as a whole. In the general US economy, AI is not ready for prime time. Businesses know it is coming, and many are experimenting with it. But most have not figured out how to use it yet. In many workplaces, its still a toy or a novelty. One day it will supercharge productivity and probably eliminate jobs, but that day is not here yet.

[sheana]

We have a family friend that’s a plumber. Every time he gives me a price for something I say...is that the friends and family price?!?! He makes a good living.

[pburgh01]

I own an IT consulting firm, and right now things are good and will be good for a while. Yes, the useless Currys are being sent packing. But as an expert in the field and someone who uses AI responsibly, I see a lot of half-truths and hype. This is mostly about cover for CEOs to fire people en masse. I mean, who will question it? As I have boots on the ground, I can see my clients wanting to backpeddle on this mad rush to automate everything. This is not a case of buggy whips meeting automobiles. If you are a dirty Curry Junior coder, I would be worried. I won’t ever hire a Mumbai Mumbler(what we call them). They are basically retarded.

[Susquehanna Patriot]

This statement-type is politician approach - if it happens, they are right, if it does not happen, they still are right and then explain the intervening cause that turned us in another direction. I am almost willing to bet the “author” even used AI.

[jmacusa]

“Don’t we know the worth of water when the well runs dry’’.- Ben Franklin.

[LegendHasIt]

“Every American”???

Gee, does the daily Mail think that everyone in America is a wage slave beholden to some corporation for their livelihood?

And does the Daily Mail think that the effects of AI stop at America’s borders?

[packrat35]

I have been telling young guys this for years. Can’t outsource it to India.

[Susquehanna Patriot]

To build on your comment ... why are there never any articles about how AI will replace a substantial number of feberal and state gibbermint workers and deficits will plummet and public debt will be paid off?

[Susquehanna Patriot]

I missed those valuable insights of yours. What is your next prediction? How about AI replacing AI? What if we unplug an AI server farm ... will AI be able to go out and put the plug back into the socket?

[qam1]

So they announce layoffs because of the miraculous benefits of AI

Also

1) Cover to get rid of DEI positions. The amount of useless jobs created directly and indirectly in the name of DEI over the past decade is staggering. Instead of saying they are getting rid of DEI and risk getting boycotted, they use AI as cover.

2) Boomers are retiring. Boomer bosses loved to have consultants and people with fancy titles (i.e. Director of Innovation, VP of Mission Related Services, etc) working under them just to make themselves feel important (and for DEI). Companies are finding they don't need all the bloat.