Tech investor Marc Andreessen said artificial intelligence will trigger a “massive jobs boom,” rejecting concerns about widespread job losses as “all fake.”
His comments come as US labour data shows unemployment steady at 4.3% but long-term unemployment rising, with 322,000 more people jobless for over 27 weeks compared to last year.
“The ‘AI job loss’ narratives are all fake,”
Andreessen said, arguing that increased productivity from AI will drive demand and ultimately create more jobs.
Andreessen pointed to rising demand for tech talent, citing more than 67,000 software engineering roles in 2026, roughly double 2023 levels, as companies recover from post-pandemic hiring slowdowns.
However, major tech and crypto firms are already cutting staff while integrating AI, including Jack Dorsey’s Block reducing 40% of its workforce and Crypto.com cutting 12% of jobs.
Other firms such as Oracle and MARA have also reduced headcount as they pivot toward AI infrastructure and operations.
The debate highlights growing tension between AI-driven productivity gains and near-term labour disruption, with critics arguing that job creation may depend on how widely AI tools are distributed across the economy.