Circle CEO says AI-fueled layoffs are only the tip of the iceberg
Key takeaways
- “I think we’re very early in the impact of AI agents on the conduct of work and how that plays out through labor,” Allaire said on Yahoo Finance’s Opening Bid (video above).
- Allaire issued an early warning about two months ago at the Economic Club of New York.
- Allaire said Circle is aggressively leaning into AI, and it’s yielding results.
Circle CEO says AI-fueled layoffs are only the tip of the iceberg Brian Sozzi · Executive Editor Tue, May 12, 2026 at 12:45 AM GMT+7 2 min read CRCL NET META Circle (CRCL) co-founder and CEO Jeremy Allaire is doubling down on his call that we are just at the start of AI agents reshaping the US workforce.
“I think we’re very early in the impact of AI agents on the conduct of work and how that plays out through labor,” Allaire said on Yahoo Finance’s Opening Bid (video above).
Allaire issued an early warning about two months ago at the Economic Club of New York. He said AI-related job losses would soon pick up the pace and perhaps continue into 2027. Since then, Cloudflare (NET), Coinbase (COIN), and Meta (META) have announced substantial layoffs.