A panel of executives spoke at the TIME100 AI Leadership Forum on Wednesday night in New York City about the ways artificial intelligence is reshaping the business landscape, and how they're shepherding their companies into a technologically capricious future. Included on the panel at the TIME forum, which spotlighted AI-driven business leadership, were Nigel Vaz, the chief executive officer of Publicis Sapient, a tech-consulting firm that uses AI to help modernize business and a sponsor of Wednesday's event; Deepa Soni, the executive vice president and chief information officer of New York Life Insurance Company; and Ravi Radhakrishnan, the executive vice president and chief information officer of American Express. Vaz began the conversation discussing the "exponential" capability of AI to transform and enhance companies' abilities to problem solve and become more efficient. For his company, AI is a tool used to extract value and optimize performance for clients by reducing time and cost. Many of them, he notes, must bridge the gap between their relatively outdated technology and increasingly more useful AI tools--what he referred to as their "tech debt."

Staff at WiseTech have been waiting months to be told if they are among the employees the company is to cut due to advances in AI. Staff at WiseTech have been waiting months to be told if they are among the employees the company is to cut due to advances in AI. WiseTech begins redundancies - but omits'AI' from emails to Chinese employees, workers say WiseTech has begun informing staff that they will lose their jobs as part of redundancies the company has said is due to artificial intelligence advancements - although an email to staff in China omitted the word "AI" after a court case against another company in the country. Staff at WiseTech have been waiting almost three months to be told if they are among the 2,000 people the logistics software company is to cut due to advances in AI. The Australian Stock Exchange-listed company announced in late February it would lay off almost 30% of its 7,000-strong workforce across 40 countries.

Former Google CEO Eric Schmidt was booed by students as he spoke about the rise of artificial intelligence during his speech at University of Arizona's graduation ceremony, underscoring growing anxiety over AI's impact on jobs. I know what many of you are feeling about that. I can hear you, Schmidt told graduates as jeers rang out at the venue during remarks comparing today's AI boom to the rise of computers four decades ago. The reaction reflects a broader unease on campuses, where speakers who mention AI are increasingly being met with hostility from students. A recent poll suggests many students view AI as both a threat to their future and an obstacle to their intellectual development.

Like clockwork each May, soon-to-be college graduates drift into New York City's Washington Square Park in caps and gowns, typically in purple, the school colour of nearby New York University. A sea of mostly 20-somethings gather for photographs that mark the moment when the predictability of collegiate life comes to a close and new graduates face the uncertainty of what's next. Julie Patel, who just finished a master's degree in public health, was one of those graduates. But a tight job market has dampened the joy of the graduation ceremony. Like millions of her peers around the country, she is headed into a precarious job market amid a surge in economic uncertainty driven by a range of reasons, including tariffs, the proliferation of artificial intelligence, global conflicts and, in her case, government funding cuts in her industry, slowing hiring, especially of new graduates.

Some critics say the increasing use of AI could result in'asynchronous, agent-driven management'. Some critics say the increasing use of AI could result in'asynchronous, agent-driven management'. 'I didn't want to be the guinea pig': inside tech's AI-fueled manager purge As tech companies pour billions into artificial intelligence bets and slash their workforces, middle managers are squarely in the crosshairs. A trend is emerging: when tech CEOs announce that AI is making it possible to do more with fewer workers, they promise to flatten their structures by cutting away what they call unnecessary management layers and bureaucracy. Just last week, the cryptocurrency exchange Coinbase laid off 14% of its workforce while gesturing to the thrill of AI-fueled, minimal-management efficiency.

Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees about what it's like inside a company where everyone is unhappy. As Meta employees brace for layoffs next Wednesday, May 20, many say the vibes are horrifically, historically low. "Everyone is unhappy; the only people who are not unhappy are, literally, executives," says an employee who works on Instagram. The social media giant plans to cut about 10 percent of its workforce, or nearly 8,000 people, "to run the company more efficiently" and "offset the other investments" it's making, according to a human resources leader .

'There is no guaranteed outcome with any job,' said Shola West, 25, a media consultant. Working for yourself at least allows you some control over your fate. 'There is no guaranteed outcome with any job,' said Shola West, 25, a media consultant. Working for yourself at least allows you some control over your fate. Facing AI and a tough job market, gen Z turns to entrepreneurship: 'I have to prove myself' When Ashley Terrell graduated from the University of Hawaii in 2024, she planned to find a job in marketing, maybe for a tech company.

Meta and Microsoft are trimming their workforces by thousands as they make heavy investments in AI and executives claim that the technology is meeting their companies' productivity needs. Meta told staff on Thursday that on 20 May it would cut some 10% of its personnel - just under 8,000 employees-to boost efficiency, part of a layoff plan made months ago . The company is also closing about 6,000 open roles. The same day, Microsoft announced to employees, for the first time, that it would offer voluntary retirement to about 7% of its American workforce of roughly 125,000. In an internal memo to Meta's staff, Janelle Gale, the chief people officer, didn't mention AI explicitly but said the cuts would allow the company to "offset the other investments we're making".

The technology may not be ready to replace workers, but that isn't stopping execs from pushing forward anyway. Late last month, at an event in Washington, D.C., Andrew Yang delivered a bleak message. "I have bad news, America," he told the crowd. The Fuckening is the name that Yang, a former presidential candidate, has given to AI's disembowelment of the workforce. As he sees it, millions of knowledge workers will soon lose their job, personal-bankruptcy rates will spike, and entire downtowns will turn vacant as offices hollow out.

Telstra CEO Vicki Brady will oversee 209 job cuts, as the telco rolls out AI capabilities and sends some jobs offshore. It comes after a $700m joint venture in 2025 with technology consultancy Accenture. Telstra CEO Vicki Brady will oversee 209 job cuts, as the telco rolls out AI capabilities and sends some jobs offshore. It comes after a $700m joint venture in 2025 with technology consultancy Accenture. Some jobs will be moved offshore in wake of telco's $700m partnership with tech consultancy Accenture More than 200 Telstra jobs are expected to be cut, as the telco rolls out AI capabilities and sends some jobs to India.