Workforce Impact (from business side) Weekly AI News
June 23 - July 1, 2025This week brought major news about how businesses are using AI agents to change the workforce. Amazon made headlines by announcing that generative AI will eliminate some white-collar jobs at their company. CEO Andy Jassy explained that AI will reduce corporate headcount over time, though some roles will evolve and require workers to reskill. This follows similar moves in media companies that cut staff while investing in AI.
In the United States, Federal Reserve Chair Jerome Powell warned that AI will cause significant changes to the workforce. He told lawmakers that AI could either replace workers or augment their productivity, noting that experts predict even bigger changes soon. Powell specifically referenced concerns that AI might erase half of entry-level white-collar jobs.
These announcements highlight how businesses are rapidly adopting agentic AI systems that perform complex tasks. Workers worldwide will need to adapt through training to stay relevant as companies restructure jobs around AI capabilities.