The silent bloodbath that's tearing through the middle class and rapidly flipping the U.S. economy on its head | 7 June 2025 | Elon Musk and hundreds of other tech mavens wrote an open letter two years ago about how AI was coming to "automate away all the jobs" and upend society... Layoffs are sweeping America, nixing hundreds of thousands of jobs at Microsoft, Walmart, and other titans. The newly jobless speak of a "bloodbath" on the scale of the pandemic. The markets have seen the future: AI investment funds are growing by as much as 60 percent a year. "The AI layoffs have begun, and they're not stopping," says tech entrepreneur Alex Finn. Luddites who don't embrace the tech "will be completely irrelevant in the next five years," he posted on X.