AI impacting labor market ‘like a tsunami’ as layoff fears mount

The growing anxiety surrounding AI's influence on employment reflects a broader trend where technological advancements are increasingly viewed as threats to job security. As companies integrate AI into their operations, the potential for widespread layoffs raises critical questions about workforce adaptation and the need for reskilling. This situation necessitates a proactive approach from both policymakers and businesses to mitigate the adverse effects on workers and ensure a smooth transition into an AI-driven economy.