A majority of chief executives are bracing for job cuts linked to artificial intelligence, new findings indicate.
Ninety-nine percent of CEOs report they are getting ready for layoffs caused by AI. They note that AI alone is not enough to drive change, as the technology is reshaping entire organizational structures.
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Coinbase announced a restructuring plan on May 5, 2026, cutting about 700 employees, or 14% of its workforce. CEO Brian Armstrong attributed the move to cryptocurrency market volatility and artificial intelligence-driven productivity gains. The changes aim to create a leaner, AI-native organization ahead of Q1 earnings on May 7.
More than 200 global experts including Eric Schmidt, Reid Hoffman and Joseph Stiglitz have signed a letter calling for urgent steps to address artificial intelligence's effects on employment.
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A new survey indicates that many employees are overstating their expertise in artificial intelligence amid concerns about job security.
Swedish experts highlight risks of generative AI for children's learning and adults' decision-making. The government has tasked the Public Health Agency with investigating the effects.
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The Finance Ministry vowed Monday to accelerate adoption of artificial intelligence technologies and revamp regulations in the service sector.