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yahoo finance: 'Dr. Doom' on the outlook for jobs: AI will cause 'massive shedding'

"I think by 2027 the scrutiny on operating expenses from Wall Street is going to be super-intense, probably by the back half of this year ... because you're going to be able to figure out which organizations are optimizing on using this technology or not," Circle (CRCL) co-founder and CEO Jeremy Allaire said last week in a Yahoo Finance interview at the Economic Club of New York. "I do think it will impact the labor market in the near term."

READ MORE'Dr. Doom' on the outlook for jobs: AI will cause 'massive shedding'