Marc Andreessen said artificial intelligence would trigger a “huge job boom,” dismissing fears of widespread job losses as “false” in a post on X on Sunday.
His optimism contrasts with the situation on the US labor market in March report showing that unemployment remains steady at 4.3%, while the number of people unemployed for 27 weeks or more has increased by 322,000 over the past year.
Andreesen shared with Business Insider report showing a surge in technology job openings in 2026, with over 67,000 software engineering positions, a twofold augment from 2023, and he argued that employers have recovered from post-pandemic hiring adjustments and a keen rise in interest rates.
“All the narratives about AI losing jobs are false,” he said he wrote. “Artificial intelligence = huge increase in productivity = huge increase in demand = huge boom in the labor market. Watch.”
Andreessen is one of the most influential investors in Silicon Valley, co-founder of Netscape and the venture capital firm Andreessen Horowitz. He is also a major supporter of US cryptocurrency and artificial intelligence companies.
Layoffs in the tech industry are piling up
On earth, the reality is slightly different. On February 26, Jack Dorsey’s Block laid off 40% of its staff as the company accelerated its operate of artificial intelligence, including experimenting with agents to take over some middle management.
Related: Dorsey shares his AI-integrated workplace vision weeks after Block’s 40% staff reduction.
On March 19, cryptocurrency exchange Crypto.com announced a 12% reduction in its workforce as a result of AI integration, warning that companies “that do not do this immediately will fail.”
Changes introduced by companies based on artificial intelligence also affect employment.
Oracle apparently recently cut up to 30,000 jobs, citing “broader organizational changes” as it promoted the construction of AI data centers.
MARA, which transformed its Bitcoin mining infrastructure for artificial intelligence apparently reduced its staff by 15%.
Andreessen’s comments are met with skepticism
This background helps explain the reaction Andreessen received online.
“Tell that to the average lower-middle-class American who can’t find a job, or the consumer who can’t get decent customer service” – WendyO, cryptocurrency influencer he replied.
Tory Green, co-founder of io.net he argued Andreessen can be proven right about net job creation, but only if AI tools are widely available and not exploited by a few platforms.
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