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.
A new survey indicates that many employees are overstating their expertise in artificial intelligence amid concerns about job security.
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Australian software firm Atlassian announced layoffs of about 1,600 employees, or 10% of its workforce, to invest in artificial intelligence and enterprise sales. The restructuring aims to rebalance resources for the AI era in teamwork. Company shares rose nearly 2% in extended trading after the news.
Leading AI coding assistants fail one in four tasks, according to a TechRadar analysis. The report points to serious gaps between hype and actual performance reliability, especially in structured output tasks. AI tools are far from flawless in these critical areas.
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President Donald Trump signed an executive order on June 2 calling for voluntary government review of advanced AI models 30 days before their release. The order focuses on cybersecurity risks but imposes no mandatory requirements on companies.