🚨 THIS IS CONCERNING: THE AI LAYOFF CYCLE IS COLLIDING WITH THE CONSUMER ECONOMY
Over 1.17M U.S. job cuts were announced in the past year — the highest since the pandemic.
600,000 came in just the first two months of 2026.
Major reductions:
• U.S. Government: 317K
• UPS: 78K
• Amazon: 30K
• Intel: 25K
• Citigroup: 20K
• Nissan: 20K
• Microsoft: 15K
• Verizon: 13K
• Accenture: 11K
• Salesforce: 4K
• Block: 4K
A growing share is explicitly tied to AI: smaller teams, same output.
Here’s the macro risk:
The U.S. economy runs on high-income consumption. Replacing $150K–$200K jobs with software boosts margins — but shrinks the income base that buys homes, cars, travel, SaaS, fintech, and credit products.
Second-order effect:
The same companies cutting workers sell to those workers.
Short-term profits rise → long-term demand weakens.
You can get:
Higher productivity
Stronger earnings
But falling broad participation
That’s how you build a ghost economy — output grows while the customer base underneath erodes.
The key variable now: whether the labor market can absorb the transition before demand starts cracking.
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