White House National Economic Council Director Kevin Hassett said there is currently no evidence that artificial intelligence is reducing employment, despite growing concerns over automation and layoffs across the technology sector.
Speaking on CNBC, Hassett said existing labor market data does not yet show AI-driven job displacement, though he confirmed the administration is actively studying the long-term workforce implications of the technology through a dedicated task force.
The comments come as major technology companies continue restructuring operations around AI adoption. Firms including Amazon, Meta, and Oracle have announced layoffs while increasing investment in AI systems and automation tools.
Block also recently reduced headcount, with executives citing AI-enabled productivity gains and a shift toward smaller, more efficient teams. Companies across industries are increasingly using AI to automate workflows, reduce operational costs, and streamline management structures.
The debate around AI’s labor impact has intensified as businesses adopt generative AI and autonomous systems more aggressively. While policymakers and industry leaders remain divided on the pace of disruption, concerns over workforce displacement, retraining, and productivity shifts are becoming central to broader discussions around AI regulation and economic policy.
