AI is driving more job cuts and weighing on hiring, economists say

AI-related layoff announcements are mounting, fueling the sense that the technology is already replacing a significant number of U.S. workers as companies invest heavily in automation. But AI's broader impact on workers may be quieter: weaker hiring, especially for junior and entry-level roles. Enterprise software maker Intuit this week cut 17% of its staff, or 3,000 people, saying it would shift its focus to AI, while Meta began laying off 8,000 workers on Wednesday as it shifts investment …