THE RUNDOWN

IKEA cut 800 office workers last week. Nike cut 775. Home Depot cut 800. None of them are tech companies. All of them cited AI or “operational efficiency” as the reason.

Meanwhile, BlackRock quietly committed $100 million to train electricians, and a CNBC report out today found white-collar professionals paying recruiters thousands of dollars just to land an interview.

Let’s get right into it.

📊 JOB MARKET

IKEA’s parent just cut 800 office jobs while opening new stores

Ingka Group, which operates most IKEA stores worldwide,announced on March 19it would eliminate roughly 800 office-based roles, primarily in Sweden and the Netherlands, as part of a push to “roll out the use of AI at pace” and move decision-making closer to the front line. IKEA sales havefallen for two consecutive years, and new CEO Juvencio Maeztu framed the cuts as a reset, not a retreat.

The same week, Nike cut 775 and Home Depot cut 800. Retail is running the same playbook as tech now: trim the office, keep the stores, add AI.The white-collar squeeze is no longer a Silicon Valley story.

Salary raises are stuck at 3.5%, and real purchasing power hasn’t moved in two years

Payscale, Mercer, and the Conference Board allconverge on the same number: U.S. employers are budgeting 3.4-3.5% for base pay increases in 2026, flat with 2025 and barely matching inflation. The exception is AI-specialized talent, where employers reportdirecting the majority of salary increases.

For everyone else, the raise you got this year bought you exactly what last year’s raise bought you.The professionals pulling ahead aren’t negotiating better inside the standard budget. They’re building skills that put them in a different budget entirely.

BlackRock just committed $100 million to train 50,000 skilled trades workers

On March 11, BlackRockannounced Future Builders, a $100 million philanthropic program to train 50,000 workers in electrical, HVAC, and plumbing over five years. The DOL simultaneously announced$145 million in Pay-for-Performance apprenticeship grantscovering shipbuilding, defense, AI infrastructure, and healthcare.

Registered apprenticeship completers nowaverage $80,000 a year. Journeyman electricians in major metros clear $120,000. Experienced electricians with overtime and supervisory roles are hitting $200,000. When the world’s largest asset manager puts nine figures behind trades training, it’s not charity.It’s a bet on where demand is going.

Here’s how I use Attio to run my day.

Attiois the AI CRM with conversational AI built directly into your workspace. Every morning, Ask Attio handles my prep:

• Surfaces insights from calls and conversations across my entire CRM

• Update records and create tasks without manual entry

• Answers questions about deals, accounts, and customer signals that used to take hours to find

All in seconds. No searching, no switching tabs, no manual updates.

Ready to scale faster?

Start now →

🤖 THE IMPACT OF AI

MIT built AI-designed sensors that can detect cancer from a single drop of blood

MIT researchersannounced in Januarythey’ve used generative AI to design nanosensors capable of identifying cancer biomarkers from minimal biological samples. The system uses AI to design the sensors themselves, not just analyze their output, meaning it can rapidly iterate and optimize for different cancer types. The approach opens a path toward low-cost, early-detection screening that works outside hospitals and clinics.

Most cancer is caught too late because detection tools are expensive and require a hospital visit.AI-designed sensors that work from a blood sample change where and when detection can happen.

An NHS study of 175,000 women found AI catches 25% of the breast cancers doctors miss

A large-scale study across the NHStested AI as a screening toolon 175,000 women and found it detected more cases of invasive breast cancer than human radiologists, with fewer false positives and fewer unnecessary recalls. The AIidentified 25% of “interval cancers”that are typically missed between screenings. When deployed as a second reader, AI reduced screening workloads by an estimated 40%.

This isn’t a lab demo. It’s 175,000 patients in a national health system, and the AI found cancers that would have gone undetected until they were harder to treat.

Google’s flood forecasting AI now covers 200 million people and predicts five days out

Google’s AI flood prediction models nowcover more than 200 million peopleacross flood-prone regions, predicting events up to five days in advance. NOAA is using AI toimprove hurricane trackingby integrating drone, buoy, and satellite data. NASA uses satellite-fed AI to forecast wildfire ignition points so forest managers can act before fires start.

AI in disaster prediction doesn’t get the same press as chatbots.But giving 200 million people five extra days of flood warning changes how many people survive.

🧭 MAKING MOVES

5.6 Million Americans Now Clear Six Figures Without a Traditional Job

Upwork’s 2026 freelancing datashows 5.6 million U.S. independent workers cleared $100,000 in 2025, with the average American freelancer earning $99,230 annually. The fastest-growing freelance category is no longer delivery and rideshare — it is skilled knowledge work, with 34% of freelancers in software and web development and strong growth in consulting, marketing, and design.

One in two Americans worked a side hustle in the past year. The income data is catching up to what those people already knew.

17 Million Americans Are Working From Somewhere Else Entirely

MBO Partners researchcounts more than 17 million American workers who now identify as digital nomads, a 131% increase since 2019. More than73 countries, including Italy, South Korea, and Portugal, have introduced digital nomad visa programs specifically to attract remote workers.

The fastest growth is coming from independent workers and freelancers, not traditional employees, as RTO mandates push the choice away from corporate workers and toward people who have already opted out. When governments are competing for you with visa programs, the question of where you live has a different answer than it did five years ago.

Gen Z Is Treating Employment as the Supplement, Not the Plan

52% of Gen Z workers are freelancing, higher than any other generation, with the top 25% of Gen Z side hustlers earning an average of $825 per month on top of their primary income. New business formation data shows Gen Z-led ventures outpacing prior generations at the same age.

The generation that entered the workforce during a hiring freeze and graduated into a destabilized market is the one least attached to the idea that a single employer equals financial stability.That is not cynicism. It is pattern recognition.

🐝 TRY THIS

Use “reverse recruiting” logic without paying $1,500 a month to find your next job

The reverse recruiting trend is real, but you can run the same playbook yourself. This week, pick five companies you’d want to work for. Go to their investor pages orSeeking Alphaand search the most recent earnings call transcript for “headcount,” “investing in talent,” or “expanding capacity.”

If a company signals growth in a specific function on an earnings call, the role often doesn’t exist on LinkedIn yet. Reach out to the hiring manager directly on LinkedIn with a short note referencing the earnings call language.

You’re now doing what reverse recruiters charge $1,500 a month for, except you control the targeting.

📖 INTERESTING READS

The world’s oldest cave art is 67,800 years old, and nobody can explain the fingers

Archaeologists discovered ahand stencil in a limestone caveon Muna Island, Indonesia, that predates the previous oldest rock art by at least 15,000 years. The fingers look pointed, like an animal claw, a style found nowhere else. It was dated using a newlaser ablation techniquethat may rewrite the timeline of early symbolic thinking entirely.

“Lost” and “gone” are not the same thing. Somebody made that 67,800 years ago, and it was sitting there the whole time waiting for better tools to find it.

Portugal generated 80.7% of its electricity from renewables in January

Wind, solar, and hydropowered more than four-fifths of Portugal’s gridto start 2026, the country’s best month on record and thesecond-highest renewable sharein Europe. The milestone comes as Portugal continues attracting remote workers with digital nomad visas, favorable tax treatment, and a cost of living roughly half of major U.S. metros.

For anyone tracking where the energy transition is furthest along, Portugal keeps quietly stacking data points that make everywhere else look slow.

Rebuilding coral reefs could help fight global hunger in six years

New research found that restoringcoral fish stocks to sustainable levelsis still feasible within six years, positioning reef ecosystems as a meaningful tool against food insecurity. Coral reefs support the protein intake ofhundreds of millions of peoplein coastal regions, and the restoration timeline is shorter than most conservation scientists assumed.

Six years to meaningfully impact global hunger using ecosystems that already exist. That’s a better ratio than most things governments spend money on.