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The April jobs report lands this morning, and the headline will say the economy added jobs. It did. But here’s what the headline won’t say: in the first four months of this year, companies cited artificial intelligence as the reason for 49,135 job cuts. All of 2025 had 54,836. We’re on pace to triple that. The cuts aren’t coming from one company or one bad quarter—they’re spread across tech, pharma, chemicals, and manufacturing. Andy Challenger put it plainly: “Regardless of whether individual jobs are being replaced by AI, the money for those roles is.” Your job doesn’t get automated. Your budget line does.
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