By David Wu
Publication Date: 2026-03-18 04:03:00
Australians have been given a stark warning about what lies ahead as major companies at home and abroad embrace artificial intelligence.
Tens of thousands of jobs have been lost to artificial intelligence in the first three months of this year alone and it will only get worse, an expert has warned.
Major companies around the world, including Australia, have announced significant layoffs as AI evolves and penetrates the technology industry.
In January, Amazon said it would cut 16,000 jobs, adding to the 14,000 announced months earlier, as the company scales back its workforce in the wake of the pandemic and embraces AI.
Meta, which owns companies including Facebook and Instagram, said 1,000 jobs would be cut. Reuters also reported over the weekend that a staggering 20 percent or more of the tech giant’s nearly 80,000 employees could be laid off to address its costly AI infrastructure.
Block, the fintech parent company of Afterpay and Square, announced in March that it…
