October 29, 2025
Article from Axios by Jim VandeHei and Mike Allen
Article Synopsis
Major corporations including Amazon, PwC, and Nestlé are cutting white-collar jobs or slowing hiring, citing the rapid rise of artificial intelligence as a key factor. A new $10 billion startup, Mercor, highlights the shift by training AI systems to replicate professional tasks once done by humans.
Experts like Anthropic’s Dario Amodei and Ford’s Jim Farley warn that AI could eliminate up to half of all entry-level white-collar roles in the near term. While markets continue to surge on AI-driven profit optimism, economists caution that the transition may bring significant short-term job losses before long-term gains emerge.
