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U.S. Layoffs Surge Amid AI's Growing Impact

12/21/2025

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Summary

Story summary

In 2025, U.S. layoffs surged to 1.17 million, with AI cited for nearly 55,000 cuts.
Major firms such as JPMorgan and Goldman Sachs reduced staff, but experts say overhiring during the pandemic explains most cuts.
54% of financial jobs are at risk of automation, but AI-related layoffs remain minimal.
Banking headcounts have stabilized as firms use AI for efficiency, while accounting and marketing roles may shrink as AI expands.

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Story summary

In 2025, U.S. layoffs surged to 1.17 million, with AI cited for nearly 55,000 cuts.
Major firms such as JPMorgan and Goldman Sachs reduced staff, but experts say overhiring during the pandemic explains most cuts.
54% of financial jobs are at risk of automation, but AI-related layoffs remain minimal.
Banking headcounts have stabilized as firms use AI for efficiency, while accounting and marketing roles may shrink as AI expands.