Major Australian companies including Microsoft, Commonwealth Bank, WiseTech Global, Block, and Atlassian are cutting thousands of jobs as they invest heavily in artificial intelligence and automation. While KPMG research shows only 10% of CEOs expect to reduce headcount due to AI, the technology sector is experiencing significant workforce reductions, with concerns mounting about junior-level positions disappearing before workers can develop foundational skills. Professions requiring physical presence and uniquely human skills like empathy, intuition, and creativity—such as hairdressing, healthcare, and education—are considered safest from AI replacement.

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