• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say

3

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say

3

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Successthe future of work

‘Wipe out and change are different’: Amazon exec slams AI job apocalypse fears as he hires thousands of Gen Z grads

Preston Fore
By
Preston Fore
Preston Fore
Success Reporter
Down Arrow Button Icon
Preston Fore
By
Preston Fore
Preston Fore
Success Reporter
Down Arrow Button Icon
June 24, 2026, 11:14 AM ET
Matt Garman
AWS CEO Matt Garman, who started at Amazon as an intern, says AI will change entry-level work—not eliminate it.FREDERIC J. BROWN/AFP via Getty Images
Add Fortune on Google for similar content.

As Silicon Valley debates whether AI will replace millions of office workers, one of the executives building the technology’s underlying infrastructure says Gen Z shouldn’t buy into the apocalyptic job displacement predictions. Matt Garman, CEO of Amazon Web Services, argued that forecasts of mass white-collar job losses—including warnings from Anthropic CEO Dario Amodei that AI could eliminate up to half of entry-level office jobs—don’t hold up under scrutiny.

Recommended Video

“If you believe that half of jobs get wiped out, the whole economy collapses on itself,” Garman said on an episode of the Platformer podcast released Tuesday. “Everything goes away. You’re not going to have AI, and then you have to go back to those other jobs at some point. The math doesn’t work out.”

Instead, Garman said AI will reshape work rather than eliminate it outright. While some jobs may not exist in the future, new jobs will emerge, he argued, because economies simply depend on workers earning money and spending it. 

He likened the current AI boom to the arrival of Microsoft Excel, which largely replaced workers who spent their days performing calculations by hand. Those jobs changed, but workers adapted by learning new tools.

“I do think that half of white-collar jobs may change, but wipe out and change are different,” Garman added.

Amazon, he noted, is continuing to invest in young talent. The company plans to hire 11,000 interns and recent graduates this year, and Amazon employs more software developers today than it did two years ago—even as AI coding tools have become dramatically more capable.

The transition hasn’t been painless for the No. 1 company on the Fortune 500, however. Amazon CEO Andy Jassy has said AI-driven efficiency gains will eventually shrink parts of the company’s corporate workforce, and last year, 14,000 corporate jobs were cut. At the end of 2025, Amazon employed roughly 1.58 million full- and part-time workers worldwide, including about 350,000 corporate employees.

What the AWS CEO looks for in hiring talent in 2026

Garman has a personal stake in the debate over entry-level hiring. He joined Amazon in 2005 as an MBA intern while studying at Northwestern University’s Kellogg School of Management and spent nearly two decades climbing the ranks of the company’s cloud business before becoming CEO of AWS in 2024.

The experience may help explain why he remains bullish on young workers, as many companies use AI to automate routine tasks often assigned to new graduates.

“[When] you talk about entry-level jobs, number one, they’re your cheapest employees,” Garman said. “They haven’t learned bad habits, you can teach them the culture, they’re willing to learn the new tools, they’re some of the very best employees you can possibly have.”

Beyond cost, he said, younger workers bring something many established organizations struggle to maintain: fresh perspectives.

“They come in with an energy and excitement, a new view on things,” Garman said. “If you just have the exact same people that you’ve had for the last 15 years, you don’t get that energy and excitement and new ideas.”

But what it takes to become an Amazon intern has shifted in recent years.

Rather than focusing solely on a candidate’s existing technical skills, Garman said the Seattle-based company increasingly values adaptability, curiosity, and the ability to learn quickly as AI transforms how work gets done.

“One of the things we start to look for in employees is not the skill set you have, but do you have the ability to learn?” Garman said. “Do you have the willingness to dive in and learn new things and the agility to reason about problems?”

Workers who embrace that mindset, he said, will thrive—as will the companies that choose to embrace that younger talent.

“When you have employees that have that mentality—that I want to learn, I want to lean in and do new things—there’s a crazy amount of opportunity in front of us,” Garman said. “To run really fast, build new businesses, deliver value to our customers, [and] reduce costs.”

In a statement to Fortune, Amazon said it “remains committed to our internship program as an important pathway to finding the next generation of leaders and builders.”

Like Amazon, leaders at IBM and Cognizant are bullish on entry-level talent in the AI era

As entry-level jobs continue to reshape, Garman isn’t the only executive who’s vocally backing up Gen Z talent.

Ravi Kumar S., the CEO of IT firm Cognizant, recently told Fortune that in 2025 alone his company hired 20,000 entry-level college graduates—and expects that number to grow in 2026.

“There was a little bit of fearmongering from reading about the fact that there’s going to be a collapse of jobs,” Kumar said at Fortune’s COO Summit earlier this month. “I think there will be more jobs.”

IBM has similarly said it plans to triple its entry-level hiring after concluding that relying too heavily on AI-driven efficiencies isn’t a sustainable long-term talent strategy.

“The companies three to five years from now that are going to be the most successful are those companies that doubled down on entry-level hiring in this environment,” Nickle LaMoreaux, IBM’s chief human resources officer, said earlier this year.

“If we don’t continue to invest in entry-level hires, what happens in 3–5 years?” LaMoreaux added. “There’s no pipeline; the well simply dries up.”

Even Anthropic’s Dario Amodei and OpenAI’s Sam Altman—who have previously made bold predictions about young talent being at risk of mass displacement—have since tried to walk back their claims.

“I’m delighted to ⁠be wrong about this,” Altman said earlier this year. “I thought there would have been more impact on entry-level white-collar jobs being eliminated by now than ​has actually happened.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
Preston Fore
By Preston ForeSuccess Reporter
LinkedIn iconTwitter icon

Preston Fore is a reporter on Fortune's Success team.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Success

PricewaterhouseCoopers (PwC) CEO Paul Griggs
SuccessCareers
PwC U.S. CEO advises young workers to say yes a lot, even if it means working on the weekends—‘That person climbs into the next role’
By Emma BurleighAugust 3, 2026
5 hours ago
Photo of Sam Altman
SuccessWealth
Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
By Preston ForeAugust 3, 2026
6 hours ago
cs
AIEducation
The computer science major is dying so that the AI literacy minor can be born: ‘we have to democratize it’
By Heather Hollingsworth and The Associated PressAugust 3, 2026
8 hours ago
Elon Musk is photographed at Space X in Brownsville, Texas
SuccessSpaceX
Elon Musk wants engineers and trade talent: All you need is 3 bullet points, a résumé, and a desire to create the best data centers ‘off Earth’
By Eleanor PringleAugust 3, 2026
10 hours ago
AI is creating a two-speed jobs market in the UK, Indeed says
AIthe future of work
AI is creating a two-speed jobs market in the UK, Indeed says
By Irina Anghel and BloombergAugust 2, 2026
24 hours ago
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
Successthe future of work
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
By Jason MaAugust 2, 2026
1 day ago

Most Popular

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
By Catherina GioinoAugust 2, 2026
1 day ago
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
1 day ago
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Economy
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
2 days ago
Trump just invoked a 1930 tariff law no president has ever used — against Canada
Commentary
Trump just invoked a 1930 tariff law no president has ever used — against Canada
By Caleb PetittAugust 2, 2026
1 day ago
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
By Orianna Rosa RoyleAugust 2, 2026
1 day ago
He was homeless at 16. Now he sits on the board of David Beckham's wellness company and his business is about to hit $1 billion in revenue
Success
He was homeless at 16. Now he sits on the board of David Beckham's wellness company and his business is about to hit $1 billion in revenue
By Emma BurleighAugust 2, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.