Free Republic

If AI displaces human workers faster than the economy can reabsorb them, it risks eroding the very consumer demand firms depend on. We show that knowing this is not enough for firms to stop it. In a competitive task-based model, demand externalities trap rational firms in an automation arms race, displacing workers well beyond what is collectively optimal. The resulting loss harms both workers and firm owners. More competition and "better" AI amplify the excess; wage adjustments and free entry cannot eliminate it. Neither can capital income taxes, worker equity participation, universal basic income, upskilling, or Coasian bargaining. Only a...

Hollywood Decline: Sony Pictures Set to Lay Off Hundreds Signage for Sony Group Corp. displayed at the CP+ Camera and Photo Imaging Show in YokohamKiyoshi Ota/Bloomberg via Getty Images Warner Todd Huston8 Apr 2026140 3:25 Sony Pictures Entertainment is reportedly set to lay off hundreds of employees across its TV, film, and corporate offices as Hollywood continues to contract. According to Variety, one of the top layoffs will be that of Colin Davis, EVP of Comedy Development. Sources tell the paper that the layoffs are not “cost driven” but are “targeted and strategic” and are an effort to reorganize for...

Dive Brief:* Artificial intelligence was the leading cause of U.S. layoffs announced in March, accounting for roughly a quarter of the total, outplacement firm Challenger, Gray & Christmas said in a report Thursday. * Overall, U.S. employers announced 60,620 job cuts last month, a 25% increase compared with February, the report found. The month’s total included 15,341 layoffs attributed to AI. * “Companies are shifting budgets toward AI investments at the expense of jobs,” Andy Challenger, chief revenue officer at the Chicago-based firm, said in the report. “The actual replacing of roles can be seen in technology companies, where AI...

As thousands of Oracle employees awoke on Tuesday to an email informing them they were being laid off, the workers likely didn’t know the tech company had been busy trying to hire foreign staff. According to U.S. Citizenship and Immigration Services data, Oracle filed for roughly 3,126 petitions to employ H-1B workers in fiscal years 2025 and 2026. Employers must submit the paperwork when seeking to hire foreign workers in specialty occupations like technology. Some 436 of those petitions were filed this year alone. Amazon, which in January said it would axe 16,000 corporate employees, has filed for some 2,675...

...“Only the Appointments Clause or the Vacancies Act’s exclusive structure may authorize service as a principal officer, and Lake satisfies the requirements of neither the statute nor the Constitution,” US district court judge Royce C Lamberth wrote in the ruling....

Morgan Stanley is laying off about 2,500 employees, despite reporting record revenue last year. The banking giant is planning to cut about 3 per cent of its global workforce across its investment banking and trading, wealth management and investment management divisions. The lay-offs were first reported by The Wall Street Journal. Many of the job cuts were said to have taken place on Wednesday, and were tied to both shifting business and location priorities and individual performance. The lay-offs come after Morgan Stanley reported record annual revenue last year of $70.65 billion, up 14 per cent on the previous year,...

The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. Last week's drop marked a signficant decline in claims since they jumped to 232,000 at the end of January. The number of people filing new claims fell to 206,000 in the most recent week. Minutes of the Federal Reserve's January 27-28...

A New Report Says AI Layoffs Are Backfiring and Half of Companies Will Start Rehiring, Organizations are starting to come to terms with the limits of AI. Businesses and workers are actively adopting artificial intelligence tools to automate various workplace tasks and boost their productivity in the process, surveys indicate. Still, managers should probably think twice about using the tech to replace employees anytime soon. Many companies that have swapped people for chatbots will be reversing course and hiring cut staffers back before long, according to top consultancy Gartner. Recent studies have captured the significantly increased pace with which workplaces...

About a quarter of “CBS Evening News” staffers eligible for buyouts have chosen the option ahead of impending layoffs under editor in chief Bari Weiss, The Post has learned. Eleven staffers opted for buyouts, which were only offered to non-unionized employees, a source with knowledge of the matter said Tuesday. They include at least six producers out of the show’s total of roughly 20, according to another source, who added: “Seems like people are jumping ship.” “It’s a lot of people,” a CBS insider said. The “Evening News” has over 40 non-unionized staffers, a source said. A CBS News rep...

The Washington Post Publisher and Chief Executive Will Lewis announced Saturday evening he would depart after just two years at the paper, a tenure marked by controversy and crisis.Lewis called his time "two years of transformation" in his resignation note, but it was defined by turbulence rather than a clear path, and it ended with brutal job cuts. The paper's chief financial officer, Jeff D'Onofrio, will serve as acting CEO. More than a third of the newsroom was laid off Wednesday after Lewis' promises of radical innovations failed to staunch several years of annual losses in the tens of millions...

Amazon founder Jeff Bezos didn’t really buy the Washington Post to keep democracy out of darkness or whatever, he bought it to build influence and decided that the Resistance branding was poison in the post-woke era of the second Trump administration. His staff doubled down. So he tried bringing in editors and people from conservative British papers and Washington Post staffers worked to sabotage them. The ongoing battle over the Washington Post between its actual owner, Jeff Bezos, the 2nd wealthiest man in the world, who paid $250 million for it, and the staff, show that, at least when it...

The Washington Post announced widely expected, significant layoffs on Wednesday, with entire departments being shuttered in what the company is calling a "significant restructuring." On a webinar with Post employees who were asked to stay home, executive editor Matt Murray announced a significant headcount reduction. The Post is shuttering the sports desk in its current form, dialing back its international footprint, making Metro more "nimble and focused" and eliminating Books. A third of the company has been affected, Fox News Digital has learned. "The Washington Post is taking a number of difficult but decisive actions today for our future, in...

Struggling paper expected to announce sweeping job cuts

Verizon's new CEO is planning to cut about 15,000 jobs in the U.S. telecommunications company's largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive's first efforts to restructure in the face of rising competition. The wireless carrier faces mounting market pressure amid concerns over a shrinking pool of new customers as older rivals offer cheaper plans and cable operators jump into the fray. A Verizon spokesperson declined to comment. The layoffs, affecting about 15% of Verizon's workforce, are set to take place as soon as next week, the person said, and...

Marlow Warns GOP on its embrace of the abused H-1B visa system and that it is not America First’. Rather, it punishes American Citizens, families, and our future.

Technology firms led private-sector job cuts as employers looked to cut costs and address AI. Last month was the worst October for layoff announcements since 2003 as companies slashed roles to save money, pared back pandemic-era hires, and planned ahead for artificial intelligence, according to the global outplacement firm Challenger, Gray & Christmas. Employers announced 153,074 cuts last month, compared to 55,597 cuts in October 2024. Last month’s figure was “the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,” Andy Challenger, chief revenue officer for Challenger,...

New and seasonal hires are typically announced during Q4. The opposite is unfolding amid stagflation. UPS announced that, despite favorable earnings, it has cut its operational workforce by 34,000 positions, greater than the initial estimate of 20,000, and an additional 14,000 positions from management. Shrinking a package delivery service ahead of the holiday season signals a broader trend. Artificial intelligence has been employed in operations to meet growing customer demand. The service has loosened its ties with Amazon, delivering 21.2% fewer packages than last quarter while demand during the first half of the year declined by 13%. Amazon itself will...

(DCNF)—CBS News editor-in-chief Bari Weiss’ tenure began with significant layoffs announced by Paramount Skydance CEO David Ellison in a memo Wednesday, according to The Guardian. The cuts, planned before she was named to the post, affect roughly 100 staffers at CBS News, including virtually all of the outlet’s “race and culture” section, The Guardian reported, citing Puck News reporter Dylan Byers. One staffer told The Guardian the cuts, which involved about 1,000 total employees across Paramount, were a “bloodbath.” Scoop @PuckNews: CBS NEWS leadership will announce layoffs tomorrow... Nearly 100 jobs will be affected across the division, as I've long...

Companies are downsizing as the future looks bleak. Third-nation outsourcing is prevalent, and the domestic workforce is tightening. Several corporations shrank their workforce significantly this year in a trend that will continue as the economy turns down. GEICO insurance company, a subsidiary of Berkshire Hathaway, reduced its workforce by 30,000 positions. Insurance may have seemed like a stable industry, but insurers are facing high competition and lower margins. The company believes it can save $20 billion annually by scaling its workforce and moving some of its operations to Florida. Many of these positions related to network management, data, security operations,...

Key Points Rivian Automotive reportedly plans to lay off more than 600 people. EV makers are facing a more challenging market amid changing regulations under the Trump administration. ============================================================ DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set...