Investors and economists worry that artificial intelligence will disrupt industries, leading to increased U.S. unemployment. Goldman Sachs estimates AI caused 5,000-10,000 monthly job losses in 2021, with 7% of layoffs in January linked to AI. Companies like Amazon, HP Inc, and Meta have announced significant job cuts due to automation and AI implementation. From tobacco to tech, layoffs are happening globally. For example, Meta is cutting over 1,000 jobs in its Reality Labs unit, while Wisetech plans to axe 2,000 jobs to integrate AI. The trend towards AI-driven job cuts is expected to continue affecting various industries worldwide.

Read more at Yahoo Finance: Factbox-Companies cutting jobs as investments shift toward AI