Management & Work

CEOs Are Making Layoff Plans, But AI Isn’t the Sole Reason Why

Talk of dramatic cuts at HSBC and elsewhere raise specter of AI’s impact, and potential AI-washing.
Crypto.com is among the latest companies to cite AI when announcing job cuts.Photographer: Gabby Jones/Bloomberg
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Another week, another harvest of tea leaves to read about the jobs impact of artificial intelligence. Here’s the latest.