# job displacement
Latest news and articles about job displacement
Total: 2 articles found
Empty Sets, Full Servers: How AI Is Hollowing Out China's Short‑Drama Boom
China's once‑booming short‑drama production hubs are seeing a swift decline in demand for physical sets and on‑site crews as producers pivot to AI‑generated series. The shift cuts production costs dramatically but threatens thousands of jobs and the business models of regional studios built on cheap labour and large prop inventories.
When AI Is the Official Reason for Layoffs: How Block’s Cut Rewrites the Job Contract
Jack Dorsey’s announcement that Block will cut nearly half its staff and explicitly attribute the move to AI represents a turning point: profitable companies can now publicly justify large-scale layoffs on automation grounds. The market’s positive reaction and similar moves by major firms suggest a structural, not cyclical, shift in employment that erodes traditional entry-level pathways and disperses accountability for job loss.