AI impacting labor market ‘like a tsunami’ as layoff fears mount

Key Points:

• AI layoffs are dominating conversations at the World Economic Forum in Davos this year as anxiety around the technology mounts.
• “Most countries and most businesses are not prepared for it,” Kristalina Georgieva, managing director at the International Monetary Fund, said Tuesday.
• Experts and CEOs say that firms need to create systematic upskilling opportunities and education around AI to bring their workforce along in 2026.