Jensen Huang says the AI boom could create huge wealth in the next few years, but once the infrastructure is fully built, breaking into the industry may become far harder. The current wave may be one of the last big entry points for outsiders.

He has also argued that skilled trades like electricians, plumbers, and mechanics could become increasingly valuable in an AI-driven economy, since physical work in the real world is far harder to automate than many white-collar jobs.

The broader idea: as AI reshapes the economy, some knowledge jobs may change dramatically, while hands-on skills and technical trades could see renewed demand. The future workforce may look very different from today.

Because the skills needed to build AI-driven tools are different from those used in traditional software.

Most of these cuts are happening in North America, but offices in Australia and India are also seeing significant reductions.

CEO Mike Cannon-Brookes explained that while AI isn't just a replacement for humans, it fundamentally shifts which roles are necessary for the business to grow.