Is Big Tech Now Backpedaling on the AI Jobs Wipeout Scenario?

"A year ago, the message from many business leaders was that AI was going to wipe out jobs," remembers the Wall Street Journal.But "For the past month or so, tech CEOs have been striking a more optimistic tone." In late May, OpenAI Chief Executive Sam Altman — who has long predicted that AI will lead to seismic shifts in the workforce — said during a conference, "We've been roughly right on technological predictions and pretty wrong on the social and economic implications." Soon after, he told CNBC, "Our industry underestimated how much we're going to be able to keep people at the center of everything." Anthropic CEO Dario Amodei, who warned in May 2025 that artificial intelligence could eliminate half of entry-level jobs, a year later highlighted more positive scenarios for AI-adopting businesses: "They can do the same thing with less resources, and that leads to things like layoffs, or they can do more with the same amount of resources. But that requires creativity...." Is the sunnier outlook a move to win back customers and the public who are souring on AI's world-upending promise? Or is the role of AI in the workplace now just better understood...? Collectively, the narrative has shifted from worker-light doomsday scenarios caused by AI to a future in which workers keep their jobs — and get a productivity boost. The sentiment change isn't limited to tech leaders: A survey by EY-Parthenon found that the percentage of CEOs who believe AI investments will result in significant reductions in head count fell from around 46% in January 2025 to just 20% this May. "They may have noticed that the labor market is genuinely not changing (i.e., imploding) as rapidly as they expected," said David Autor, a professor of economics at the Massachusetts Institute of Technology. "They may have realized it was simply bad business to say that your great new product will destroy the economy." The article notes Amazon founder Jeff Bezos "has a history of predicting that AI will create new jobs," and in June said AI could even lead to a labor shortage. "When asked on CNBC in May about people being afraid of AI taking jobs, he said the reason they're afraid is because 'all these smart people keep saying that.'" The article then adds that "Fewer people are saying it now." Read more of this story at Slashdot.