"Be a horse that operates a tractor": How to survive the wave of AI layoffs

An N12 magazine article examines the impact of AI on the job market: companies are freezing hiring, juniors struggle to enter the field, and white-collar professions are at risk. Daniel Schreiber, CEO of Lemonade, describes growth without hiring new employees and says 98% of code is written by AI. Jensen Huang calls for directing young people toward technical trades like electrical work and plumbing.

An N12 magazine article by mako examines the impact of artificial intelligence on the job market, focusing on a wave of layoffs and hiring freezes at technology companies. Daniel Schreiber, founder and CEO of Lemonade, says the company tripled its revenue and added a million and a half customers in the U.S. without hiring new employees, and that 98% of the code is written by AI. He notes that Lemonade has not hired juniors for a long time. The article also quotes Jensen Huang, former CEO of Nvidia, who said the AI revolution is creating demand for electricians, plumbers, and other technical professionals. Schreiber estimates that the real wave of layoffs is still ahead, and recommends that young people seek professions requiring physical presence or become "bosses" who use AI tools.