Top economist Mark Zandi warns of job losses to come as the labor market nears a tipping point with AI

Mark Zandi, the chief economist at Moody's Analytics, says he believes firms are approaching a "Cortes moment" with AI adoption.

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• More AI-fueled job cuts are likely, Mark Zandi says.
• The economist said he believes businesses are approaching a "Cortes moment" with AI adoption.
• Block's recent layoffs show that firms will be rewarded if they slash workers to boost margins.

America's job market looks like it's approaching a tipping point...