#Job displacement

In Q1 2026, 40,000 of the 80,000 tech job cuts were directly due to AI displacing roles, signaling a fundamental shift in the industry's workforce architecture and investor incentives.

Hyperwrite CEO Matt Schumer's viral essay warns of AI's rapid, disruptive impact, predicting it will be "much bigger than Covid" and eliminate 50% of entry-level white-collar jobs. He urges early adaptation.