Fears of AI-related job losses have grown as companies announce layoffs tied to the technology. Through May 2026, nearly 90,000 jobs linked to AI were cut, and some estimates suggest up to 15% of U.S. jobs could be eliminated by AI in the next five years. However, a recent report from Ramp and Revelio Labs complicates this narrative by showing that companies heavily investing in AI are growing their workforce faster than average.
The report, which tracks enterprise AI spending and workforce data from nearly 22,000 companies, found that 'high-intensity adopters' — firms spending an average of $30 per employee per month on AI in the first three months — saw a 10.2% increase in headcount. This growth was observed across various functions, including engineering, sales, administration, and customer service. The strongest job growth was in the information sector, which includes software, internet, media, and tech-adjacent firms.
The report acknowledges that the data may skew toward tech-forward, knowledge-work firms that are already expanding. The authors admit that the study does not show AI universally creates jobs but counters claims that AI will lead to broad job losses. They also note that AI is not erasing all junior jobs, as recent research from Goldman Sachs found that about 16,000 net jobs were lost per month over the past year, with Gen Z and entry-level workers bearing the brunt.
Source: techcrunch
