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AI Drives Hiring Surge, No Evidence of Job Cuts

5/31/2026

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Story summary
  • Torsten Sløk, chief economist at Apollo Global Management, said there is zero evidence AI caused job losses.
  • The ADP report showed private firms added almost 110,000 workers in April while hiring AI implementation experts and raising AI-specialist salaries.
  • Block cut its workforce from over 10,000 to under 6,000, citing AI.
  • An EY survey of 240 CEOs found about 60 % expect AI to keep or increase staff by 2026.