AI-driven layoffs from Meta Google Canva risk 1.6M recession

Major tech companies are accelerating layoffs and buyouts to cut operational costs and redirect spending toward AI infrastructure. Analysts warn that if these workforce reductions spread beyond the tech sector to industries like retail and finance, it could trigger a recession-level wave affecting an additional 1.6 million workers. Meanwhile, entry-level job opportunities in AI-exposed occupations have declined significantly, raising concerns over stable career pathways for younger workers. Open article →