The AI layoffs are here…

The AI Revolution will absolutely lead to immense job cuts but that's not the worst of it… the next recession is going to result in the mother of all "jobless recoveries" as firms "offload" labor to AI rather than to biological labor pools.

— Sold At The Top (@soldatthetop) October 23, 2026

BREAKING 🚨: Lumber

Lumber at its lowest prices in more than 2 years 📉 Timberrrrrrrrrrrrrrrrrrrrrrrr! pic.twitter.com/KORUsFFiY5

— Barchart (@Barchart) October 23, 2026

The US junk bond market is under severe pressure:

The effective yield on US CCC-rated and lower-rated high-yield corporate bonds is up to 18.0%, its highest level since the 2020 pandemic.

This figure has surged +500 basis points over the last 6 months, marking its largest… pic.twitter.com/4JfK6AscI5

— The Kobeissi Letter (@KobeissiLetter) October 25, 2026

Barclays plans to cut 5,000 jobs as it expands AI use.
https://apnews.com/article/300bd6c2585b4a6996c2ac553d870055
The British bank plans to eliminate about 5% of its workforce, with roughly 60% of the cuts affecting support functions, including software developers. Barclays explicitly cited organizational simplification and technology efficiencies driven by AI.

Reuters documents AI-linked job cuts spreading across industries.
https://www.investing.com/news/stock-market-news/factboxcompanies-cutting-jobs-as-investments-shift-toward-ai-4965744
The list spans banking, technology and other industries. HSBC is weighing cuts of around 20,000 jobs, or 10% of its workforce, as it overhauls operations around AI; Amazon previously announced 16,000 corporate cuts in January.

Kroger plans to eliminate 3,000 corporate jobs over three years.
https://apnews.com/article/300bd6c2585b4a6996c2ac553d870055
The supermarket giant is expanding its use of AI while reducing corporate positions. The development shows the pressure is not confined to software companies: large retailers are also reviewing how much office staffing they need.

Oracle reveals it has shed 21,000 employees in a year.
https://www.forbes.com/sites/maryroeloffs/2026/06/23/ai-cost-21000-jobs-at-oracle-this-year-and-more-layoffs-could-be-coming/
Oracle’s workforce fell from approximately 162,000 to 141,000 employees. The company disclosed that AI adoption had contributed to workforce reductions and warned that further cuts could follow.