Layoffs

World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI ‘tsunami’

2026-10-12 · Tech

The IMF chief is calling AI a 'slow-moving tsunami' hitting the global job market, which is a creative way to say 'we see the catastrophe coming and are doing absolutely nothing to stop it.' The World Bank's jobs council is now urging 'crisis-era' employment support — because apparently we need disaster-level interventions for a technology that was supposed to make everyone's life better. Young workers entering the job market get to be the most exposed, because why wouldn't we let the generation with the least savings absorb the biggest shock.

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