The Invisible Layoff
While we argue about whether algorithms will take our jobs, a far more concrete mechanism has been grinding down the workforce for decades. Roughly a third of the jobs vanish when two firms merge; 70–90% of acquisitions miss their targets, and labour cost is the first lever pulled when they do. The “synergy” playbook from Lloyds–HBOS to Microsoft’s studio closures, why the US layoff statistics that point at AI are stated reasons rather than measured ones, and the purest case of all — 5,000 couriers in Türkiye who lost most of their income without a single layoff being announced.