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NY Mandates AI Layoff Disclosure: A First in the US

2025-06-15

New York is leading the way in the US by requiring companies to disclose whether AI is a factor in mass layoffs. This unprecedented move, effective March 2025, adds a new checkbox to the state's WARN Act forms. Companies must specify if 'technological innovation or automation' caused job cuts, and if so, identify the specific technology, such as AI. While no companies have yet cited AI as the reason for layoffs, this initiative signals growing regulatory concern about AI's impact on the labor market, mirroring anxieties expressed by figures like Anthropic CEO Dario Amodei, who predicts significant job displacement due to AI.

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AI to Upend Finance Jobs: Vista CEO Predicts Mass Layoffs

2025-06-10

Robert F. Smith, CEO of Vista Equity Partners, predicts AI will revolutionize the finance job market, leading to widespread layoffs. He forecasts that by next year, 40% of finance professionals at the SuperReturn International conference will be using AI agents, while 60% will be seeking new employment. This prediction stems from AI agents' ability to autonomously perform complex, multi-step tasks. Smith emphasized that AI will transform all jobs currently held by one billion knowledge workers; while not all jobs will disappear, all will change. This aligns with other reports predicting significant job cuts in finance, while simultaneously boosting banking industry profits with AI.