'Theres no sign in the data that AI is costing anybody their job right now': White House National Economic Council Director says AI isnt leading to cuts despite widespread and well-publicized layoffs across the world

Date:
Tue, 12 May 2026 11:25:00 +0000

White House National Economic Council Director says AI isnt causing job cuts
- despite widespread evidence to the contrary.

Speaking to CNBC , White House National Economic Council Director Kevin Hassett said there were no negative impacts being felt on US employment by AI at the moment. "Theres no sign in the data that AI is costing anybody their
job right now," Hassett said, "but we are studying the future of AI and what it means for the workforce, so weve got a big taskforce on that.

In fact, Hassett doubled down on his statement, adding
that companies which adopt AI tend to see rapid revenue growth and even employment growth, and its the ones that dont do that that fall behind a little bit.

Hassett's comments may come as a surprise to some, given the numerous
examples recently of companies confirming they are laying off human workers directly because of AI.

Most notably, Microsoft has reduced headcount in several divisions while massively increasing its AI spending through OpenAI partnerships and AI infrastructure expansion.

Meta CEO Mark Zuckerberg has repeatedly described the company's push toward leaner, more AI-driven teams while cutting thousands of jobs, while recent restructuring and layoffs were linked to AI-focused efficiency and investment priorities.

Alphabet CEO Sundar Pichai told staff in early 2024 that further job cuts
were needed to fund the companys ambitious goals in AI, before later saying
in June 2025 that it wouldn't be doing so .

In May 2025, Anthropic CEO Dario Amodei also warned the US government about the risk AI poses to white-collar jobs , predicting up to half of all entry-level roles could be taken by AI, leading to unemployment of as much as 20% in the next one to five years.

GitLab also recently announced layoffs and restructuring explicitly tied to what CEO Bill Staples called the agentic era of AI software development . The company said software would increasingly be built by machines, directed by people.

However Hassett is not alone in trying to promote the use of AI in the workplace, with his views echoed by a number of other leading figures.

This includes Nvidia CEO Jensen Huang, who is doing his part to talk up the advantages of AI for some time, especially when it comes to trying to dispel fears over human job losses , focusing instead on the part it would play in automating routine or boring tasks, freeing up human workers for more
engaging areas.

Huang said that people who believe an entire role will be replace simply due to a single part being automated, misunderstand that the purpose of a job and the task of a job are related.

Link to news story: https://www.techradar.com/pro/theres-no-sign-in-the-data-that-ai-is-costing-an ybody-their-job-right-now-white-house-national-economic-council-director-says- ai-isnt-leading-to-cuts-despite-widespread-and-well-publicized-layoffs-across- the-world

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