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Jobpocalypse
To:Brew Readers
CFO Brew // Morning Brew // Update
AI is coming for finance jobs.

Hello, and welcome to Wednesday. Taylor Swift now owns the rights to all her music, after buying the catalog of her first six albums from Shamrock Capital. (Yes, you read that right—even TSwift has had to make a deal with a private equity firm.)

In this issue:

No longer hiring

Not so fast

Off the hook

Courtney Vien, Patrick Kulp, Natasha Piñon

TALENT MANAGEMENT

An office full of silhouettes of workers filled with The Matrix-style cascading computer code

Peterhowell/Getty Images

What implications will a shrinking pool of jobs have on the finance function? What will work look like when so much is automated? CFO Brew will examine these questions in part three of this series. Learn more about why you need to believe the AI hype in part one.

Anthropic CEO Dario Amodei recently made a dire prediction: AI will soon eliminate half of all entry-level office jobs. That shift already might be happening in Big Tech, which has hired 50% fewer new grads since the pandemic, in part due to AI advancements, venture capital firm SignalFire reported. Is AI coming for entry-level finance and accounting jobs as well?

As much as it hurts to admit it, the answer may be yes.

During the 2025 Gartner CFO & Finance Executive Conference, several finance leaders said that, while they weren’t laying people off due to AI, they weren’t planning on growing their finance teams much, either.

Payments software company Brex is growing exponentially, chief accounting officer Erik Zhou told CFO Brew, but due to AI, its finance team isn’t.

“We have the fortune of building out our function while this technology exists right now,” he said. He’s able to “leverage AI to make the current team more productive. It literally means that I hire less over time.”

How secure is your job in the new AI workplace?CV

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TECHNOLOGY

AI boards governance

J Studios/Getty Images

Two and half years after the release of ChatGPT, the pace of AI development hasn’t let up much. A constant stream of new enterprise AI tools promises to remake work as we know it across every industry. But how much is generative AI actually moving the needle for companies that use it?

A handful of new reports aims to quantify how much businesses are adopting AI—as well as what they’re getting out of the technology.

As agents are billed as the next big chapter in generative AI, these surveys show many companies are rushing to test them out. But the data on how much all this AI spending has yielded in terms of results is mixed.

Agent uptick: A PwC survey of more than 300 executives in April found that 52% have either broadly or fully adopted AI agents; 27% reported limited usage. The rest of the companies either hadn’t yet adopted agents or had no plans to do so.

The top use cases were customer service, sales and marketing, and IT and cybersecurity. Most companies surveyed said their budgets were increasing because of agentic AI.

But the report authors wrote that while agents provide “a meaningful boost in productivity, [the technology] stops short of transformation.

How transformative is AI, really?PK

IRS

IRS cuts

Peter Blottman Photography/Getty Images

Some good news, and some existential chaos.

57% of AICPA members got questions answered speedily by the IRS Practitioner Priority Service hotline during the 2025 busy season, up from 37% in 2024, according to an AICPA annual survey.

But 14% of members said they rarely or never got answers right away this tax season, down from 37% in 2024.

Melanie Lauridsen, the AICPA’s VP of tax policy and advocacy, called the IRS hotline “one of the most important things for tax people because, when we have a question, usually the IRS is the only one that can answer it,” at a recent AICPA town hall, the Journal of Accountancy reported. “What we see is the IRS did answer the phone, and there was improvement there.”

But the survey also reflected concerns about the state of the IRS during Trump 2.0, which has already meant steep staffing cuts and leadership turnover.

Who’s picking up the phone at the IRS?NP

Together With Anrok

VIRTUAL EVENTS

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MARKET FORCES

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Francis Scialabba

Today’s top finance reads.

Stat: 23.3 million square feet. That’s how much office space will be lost to demolition and conversions in major US markets this year. Only 12.7 million square feet will be added, making this the first time in at least 25 years that the net amount of US office space has shrunk. (CNBC)

Quote: “It plays into the hands of China and other foreign canned food producers, which are more than happy to undercut American farmers and food producers. Doubling the steel tariff will further increase the cost of canned goods at the grocery store.”—Robert Budway, president of the Can Manufacturers Institute, on the unintended consequences of steel and aluminum tariffs (AP)

Read: Retailers are using some interesting “verbal gymnastics” in earnings calls rather than admit they’re raising prices. (Wall Street Journal)

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