eFinder

eFinder

Home › AI and Employment › Article

Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming

Cnbc · · 175 words · By CJ Haddad
AI and Employment Government vs. Corporate Perspectives
open_in_new Read the original article: https://www.cnbc.com/2026/05/11/trump-white-house-hassett-ai-jobs.html

psychologyDetected Techniques

warning
Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

5 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
info Single Source 1
check_circle
“White House National Economic Council Director Kevin Hassett on Monday shrugged off any negative impact of artificial intelligence on employment, saying the emergent technology isn't costing anyone their jobs right now.”
CORROBORATED
The claim is supported by multiple sources. Wikipedia confirms Kevin Hassett as the director of the National Economic Council since 2025, and Market Realis reports his comments regarding AI and employment, while Politico references the White House's response to those specific remarks.
travel_explore
web search NEUTRAL — Kevin Allen Hassett is an American economist who has been the director of the National Economic Council since 2025. He was the senior advisor and chairman of the Council of Economic Advisers from 2017…
https://en.wikipedia.org/wiki/Kevin_Hassett
travel_explore
web search NEUTRAL — The director of the National Economic Council said firms are hesitating to hire fresh graduates.White House National Economic Council Director Kevin Hassett speaks outside the White House West Wing on…
https://marketrealist.com/is-the-labor-market-slowing-down-d…
travel_explore
web search NEUTRAL — The senior White House official said Thursday that Hassett’s remarks were “taken out of context a little bit” and that the White House is looking for “partnership” with companies rather than pursuing …
https://www.politico.com/news/2026/05/07/white-house-ai-over…
info
“Hassett told CNBC's "Squawk Box." [that] we've got a big taskforce on [the future of AI and what it means for the workforce]”
SINGLE SOURCE
While evidence mentions a general 'AI Education taskforce' and tech leaders meeting at the White House, none of the provided search results explicitly confirm that Kevin Hassett stated on 'Squawk Box' that the White House has a specific taskforce on the future of AI and the workforce.
travel_explore
web search NEUTRAL — President Donald Trump hosted tech leaders at a White House Rose Garden dinner following an AI event. The tech CEOs praised Trump's leadership and for bringing the group together. Google committed $15…
https://www.businessinsider.com/whos-who-tech-leaders-attend…
travel_explore
web search NEUTRAL — The Impact of AI on Jobs. As Artificial Intelligence continues to advance, some jobs will become automated, leading to shifts in the workforce. Some jobs have witnessed significant automation, and in …
https://ikigaially.com/the-impact-of-artificial-intelligence…
travel_explore
web search NEUTRAL — The latest McKinsey Global Survey on the state of AI reveals a landscape defined by both wider use—including growing proliferation of agentic AI—and stubborn growing pains, with the transition from pi…
https://www.mckinsey.com/capabilities/quantumblack/our-insig…
check_circle
“companies like Amazon, Meta and Oracle have announced rounds of job cuts”
CORROBORATED
Multiple independent sources (LinkedIn, IBTimes UK, and another web source) confirm that Amazon, Meta, and Oracle have conducted rounds of layoffs linked to AI transformation or reorganization.
travel_explore
web search NEUTRAL — IT firms such as Meta and Amazon have also engaged in multiple rounds of layoffs in 2026.Oracle announced this year's biggest layoffs, firing 30,000 employees with a cold email at 5 AM - no warning, n…
https://www.linkedin.com/posts/mark-anthony-antonio-4057aa40…
travel_explore
web search NEUTRAL — Meta is not the only company linking job reductions to AI transformation. In January, Amazon eliminated around 16,000 roles as it reorganised parts of the business while expanding its AI investments, …
https://www.ibtimes.co.uk/meta-ai-layoffs-1785974
travel_explore
web search NEUTRAL — The layoffs at Oracle—which has a market cap of over $400 billion and just reported its best growth quarter in 15 years—serve as a warning for workers across the economy.On March 31, as Oracle’s stock…
https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-j…
check_circle
“Block announced that it would lay off nearly 4,000 employees in February, reducing the firm's headcount by nearly half.”
CORROBORATED
Three independent sources (Metaintro, Wall Street Journal/Wharton reference, and SCAND.Ai) confirm that Block laid off approximately 4,000 employees in February, significantly reducing its headcount due to AI efficiency.
travel_explore
web search NEUTRAL — A: Block laid off approximately 4,000 employees in February 2026, reducing its workforce from over 10,000 to just under 6,000. CEO Jack Dorsey announced the cuts in a letter to shareholders, citing AI…
https://www.metaintro.com/blog/block-employee-refused-90-per…
travel_explore
web search NEUTRAL — Block laid off 4,000 employees claiming 50% AI efficiency gains. Wharton's Ethan Mollick calls it implausible. The stock rose 24%. What's really going on.
https://udit.co/blog/block-dorsey-ai-washing-layoffs-40-perc…
travel_explore
web search NEUTRAL — Key Points. Block reduced its headcount by approximately 4,000 employees in February 2024 to hit a cap of 12,000 workers. CEO Jack Dorsey confirmed that 'proactive AI' systems are now being deployed t…
https://scand.ai/scandal/block-jack-dorsey-ai-displacement-l…
check_circle
“wrote Block CFO Amrita Ahuja at the time of the announcement [that they are] using AI to automate more work”
CORROBORATED
Three separate sources explicitly quote Block CFO Amrita Ahuja stating that the company sees an opportunity to 'move faster with smaller, highly talented teams using AI to automate more work.'
travel_explore
web search NEUTRAL — In financial guidance issued last week, Block CFO Amrita Ahuja said that the company has an "opportunity to move faster with smaller, highly talented teams using AI to automate more work”.
https://ia.acs.org.au/article/2026/4-000-jobs-cut-as-block-g…
travel_explore
web search NEUTRAL — Block CFO Amrita Ahuja said the job cuts position the company "for our next phase of long term growth" by shifting operations at a time when the business is accelerating. Dorsey predicts that "the maj…
https://www.newsletter.theintelligentworker.com/p/block-cuts…
travel_explore
web search NEUTRAL — Block CFO Amrita Ahuja said it more plainly in the tech company’s financial guidance: “We see an opportunity to move faster with smaller, highly talented teams using AI to automate more work.”
https://edition.cnn.com/2026/02/26/business/block-layoffs-ai…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.