Most tech CEOs are lying when they talk about how AI will disrupt jobs. At least, that’s what Dara Khosrowshahi, CEO of ride-hailing platform Uber (UBER), seems to be saying. In an interview on The Diary of a CEO, he admitted that many executives privately expect a major disruption, even though they publicly sound more optimistic. He explained that leaders often avoid being fully transparent because it could scare investors. He also estimated that AI could replace 70% to 80% of human work, with office jobs impacted within 10 years and physical roles, like driving and logistics, within 15 to 20 years.
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And early signs of this shift are already becoming clear. For example, Jack Dorsey cut about 4,000 jobs at Block (XYZ), nearly 40% of its workforce, and directly pointed to AI as a key reason. Similarly, companies like Atlassian (TEAM) and Meta Platforms (META) have also reduced staff, partly due to AI-driven changes. Altogether, more than 55,000 layoffs were linked to AI in 2025, with another 12,000 already announced in 2026. Because of this trend, some estimates suggest that AI could affect about 6% to 7% of the U.S. workforce, while younger tech workers are already seeing rising unemployment.
Moreover, some experts believe that the impact could come even faster than expected. For instance, Anthropic CEO Dario Amodei has warned that AI could eliminate up to half of entry-level white-collar jobs within five years. Other researchers and investors have made similar predictions, and studies show that around 11.7% of U.S. jobs could already be automated using current AI tools. Although some economists argue that companies may be overstating AI’s role in layoffs, most still agree that the labor market is changing quickly.
Is UBER Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on UBER stock based on 26 Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average UBER price target of $106.24 per share implies 37.1% upside potential.
