Apollo's chief economist says he sees 'zero evidence' of AI-related job losses, even as CEOs cite the tech in layoffs - Business Insider

The report tracks private sector employment but does not distinguish between layoffs caused by AI and other factors. Sløk noted that many firms are actively hiring AI experts, suggesting that AI is currently creating rather than destroying jobs.

However, the statement contradicts a growing number of layoff announcements from company executives who explicitly cite AI as a reason for workforce reductions. Business Insider's report notes that some CEOs have attributed job cuts to the technology, though Sløk dismissed these as anecdotal rather than systemic.

The divergence highlights a debate over how to measure AI's impact on employment. Sløk's position aligns with those who argue that previous automation fears did not lead to net job losses, while critics point to specific sectors like customer service and legal services already experiencing AI-related cuts. The article does not name specific companies citing AI in layoffs, nor does it provide sector-level data from the ADP report.