As the tech industry promises new jobs, a recent report from Ramp and Revelio Labs reveals a dire scenario unfolding for American workers. Through May 2026, companies announced around 90,000 job cuts tied to AI, leaving many fearing the worst for their future.

The report from Ramp and Revelio Labs tracks enterprise AI spend and workforce records from nearly 22,000 companies, painting a bleak picture of the jobs landscape. The numbers are staggering: 90,000 job cuts in just over five months, with some experts warning that up to 15% of US jobs could be eliminated by 2031.

But the debate is not just about numbers – it's about the future of work. With Automation and AI on the rise, many are left wondering if anyone will be hiring when they graduate. The pressure is mounting, and experts warn that the situation is only going to get worse.

'We're facing a perfect storm of technological advancements and economic uncertainty,' said Dr. Rachel Kim, a leading expert in AI and work futures. 'The tech industry's promises of new jobs are not a guarantee, and we need to start thinking about the consequences of this rapid change.'

One industry that's already feeling the effects is education. Many students are struggling to find internships or full-time jobs, with some even dropping out of school due to financial constraints.

'The reality is that AI is not just a threat to existing jobs but also a barrier to new ones,' said Emily Chen, a recent college graduate struggling to find employment. 'I've applied to countless internships, but most companies are looking for candidates with experience in AI – which I don't have.'

As the debate rages on, one thing is certain: the future of work is uncertain, and the stakes are higher than ever. With 90,000 jobs already cut, and potentially millions more on the chopping block, it's time to take a closer look at the impact of AI on American workers.

'The tech industry's promises of new jobs are not enough to ease fears. We need concrete action and a plan to support workers affected by AI.'

Dr. Rachel Kim, expert in AI and work futures And as graduation season approaches, students are left wondering: what's next? Will anyone be hiring when they enter the workforce? Or will AI continue to dominate the jobs market, leaving a trail of uncertainty and doubt in its wake? The report from Ramp and Revelio Labs paints a grim picture of the jobs landscape, but it also highlights the need for action. As the industry continues to evolve, it's time for policymakers, educators, and business leaders to come together and create a plan for workers affected by AI.

Key Facts

- 90,000 US job cuts tied to AI through May 2026 - Up to 15% of US jobs could be eliminated by 2031 - Report from Ramp and Revelio Labs tracks enterprise AI spend and workforce records from nearly 22,000 companies - Experts warn of a 'perfect storm' of technological advancements and economic uncertainty - Many students struggling to find internships or full-time jobs due to AI-driven job market