Jensen Huang Calls AI Job Fears 'Complete Nonsense' as Layoffs Mount

On June 11, 2026, fresh reporting reinforced Nvidia CEO Jensen Huang’s rejection of AI-driven job losses as “complete nonsense,” while highlighting accelerating real-world displacement. Huang maintains AI will boost productivity and ultimately expand engineering roles, yet May data showed AI cited as the top reason for 38,579 U.S. job cuts. Cumulative AI-related layoffs reached 87,714 through May, with employment for junior software developers already down nearly 20% since 2024. Despite near-term labor-market pressure, the coverage underscores that AI infrastructure spending remains structurally bullish for Nvidia’s chip demand.