Jamie Dimon says government should have power to intervene in AI-driven mass layoffs

Over his roughly 20-year tenure atop JPMorgan Chase, the mistakes that still trouble Jamie Dimon are not failed deals or bad calls. They are the delays, moments when he waited too…

New Goldman Sachs research shows investors are punishing the stocks of companies that do layoffs

There used to be two types of layoffs: Those that investors cheered, and those that they panned. The first category—which involved the announcement of some sort of strategic restructuring—have long…

Fed Beige Book: Employers are leaning on AI, freezing hiring, changing hours to avoid layoffs

If a company wants to reduce its headcount, there are several levers it can pull. It could freeze hiring in order not to grow any further, or when people leave…

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

Just as news outlets shared leaked Amazon documents suggesting the company could replace half a million warehouse jobs with robots, the e-commerce giant pulled the rug out and laid off…

Trump layoffs, shattered trust harden Democrats’ shutdown stance

President Donald Trump’s hardball tactic of ordering permanent layoffs Friday amid a government shutdown hardened Democrats’ deep distrust of Republicans and risks prolonging a standoff that is already the fourth…