Why AI-linked layoffs aren't boosting stock prices
A CNBC analysis of 23 S&P 500 firms shows that cutting staff in the name of AI rarely impresses Wall Street. Over 56% of companies citing automation or AI agents—including Nike, Salesforce, and Fiverr—saw their shares slide by an average of 25%. Investors are increasingly wary of "AI washing" that disguises routine cost cutting without showing clear revenue returns.