A 2024 survey found 41% of companies using AI had already reduced their workforce. IBM paused hiring for 7,800 roles that could be replaced by AI. BT announced 55,000 job cuts with AI replacing 10,000 directly. Goldman Sachs estimates 300 million jobs will be affected globally. Yet tech CEOs consistently tell the public that AI will 'create more jobs than it eliminates' and will 'augment' workers rather than replace them. Internal documents from major companies show AI displacement targets that contradict public messaging.