Another smart trader, CLegS2, spent 260 $SOL($50.6K) to buy 3.5M $GHOST over the past 8 hours.

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AI TAKES THE BLAME FOR MASS LAYOFFS - BUT IS IT JUST A COVER STORY?

Amazon, Goldman Sachs, Salesforce, Meta, UPS - America’s biggest employers are slashing tens of thousands of jobs, all while praising artificial intelligence as a “productivity revolution.”

But the evidence suggests a different story.

14,000 jobs gone at Amazon, with executives crediting “AI-related efficiencies.” Yet hours later, another spokesperson admitted “AI is not the reason behind the vast majority of reductions.”

Instead, it’s about cost-cutting and restructuring, the kind of moves companies have always made when profits dip.

Across corporate America, “AI” has become the perfect scapegoat:

Walmart says it’s freezing headcount because of automation.

Goldman Sachs and Salesforce cite “AI efficiencies” while trimming thousands.

UPS cut 34,000 jobs, calling it “powered by automation.”

... But new data shows the math doesn’t add up.

A Boston Consulting Group survey found 60% of firms saw minimal cost savings from AI despite major investment.

Only 10% told Deloitte they’ve achieved significant ROI.

At Wharton, researchers concluded most AI gains are incremental - shaving “20 minutes off an email,” not transforming industries.

MIT economist, David Autor:

“It’s much easier for a company to say, ‘We’re realizing AI efficiencies’ than to admit to financial strain.”

Meanwhile, many of these same companies face sluggish growth and market pressure - Amazon’s shares are flat, Salesforce’s down nearly 30%, and Meta even cut staff in its own AI division for being “bloated.”

So is AI truly replacing workers - or just masking old-fashioned belt-tightening?

The tech may be new, but the corporate playbook looks very familiar.

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