Lately, it seems like the word layoffs has been all over the news.

Got breaking news this morning, massive job cuts at Amazon.

Overnight, the company announcing it'll eliminate approximately 14,000 rolls.

Verizon is cutting at least 15,000 jobs.

Target is preparing to cut 1,800 corporate jobs.

Name the company and name a big brand that you maybe interact with,

and chances are they probably have let some people go.

That's our colleague Chip Cutter.

It's Amazon. It's Verizon. It's Target.

We have seen layoffs recently from Microsoft, Meta, Google, Salesforce, Intel. Just these big,

big companies, and you have so many other major employers across the U.S. just thinking differently

about how they're going to hire, how they're

going to get work done, how many people they need. The layoffs primarily target white-collar workers.

The job cuts at Paramount will be in areas like finance, legal, technology, and marketing.

These were corporate jobs. These were white-collar jobs. They were jobs in areas like HR in marketing.

They were people who made good money, made a good salary.

And there's a theme running through a lot of these layoffs.

Advancements in artificial intelligence.

Companies are just really starting to kind of understand

how artificial intelligence could be used inside of organizations.

Right now, the fear is that there is this smoke

and their question is, how big could this fire go?

...