Jensen Huang Calls Out CEOs, Bolt Fires All of HR, and the MBA Is on Sale

**Jacob Morgan** (0:00)
Hello, everyone. Welcome to Future Ready Today, the number one podcast focused on the future of work, where every day I break down the top stories, the signals, and the trends that you need to be paying attention to in order to be future ready. Today, it is May 26th, 2026 It is a Tuesday, and it is actually a very, very special day on this May 26th, and that is because it is my son's birthday. So today, little Noah turns six years old. We're going to have a fun party for him this weekend. But today, he was awoken with a model engine that he's going to be building. So those of you who watch the podcast, you'll know my six-year-old son, he loves building things. He tells everybody he wants to be an electrician or a roboticist or a rocket scientist when he's older, and he loves making things, trying to understand how things work. And so one of the presents that we got him is, it's actually for 14-year-olds, for 14 and 15-year-olds. It's a model of a V8 engine, and it has some batteries in there, some little engines that you can put in there. So he's going to be assembling this thing, I hope, for many, many days. It's almost 3,000 pieces. So we woke him up and gave him that as his first birthday present, and he's already in his room building it. So he's obsessed with that. So that is kind of special significance for today. Of course, I also have some stories on the future of work that we're gonna get to. There are three of them, which I think are actually very, very timely and quite interesting. The first story, Jensen Huang, the CEO of Nvidia, he did an interview on Singapore's CNA News Broadcast, and he basically calls out every single CEO out there who has blamed AI for layoffs. And he actually called this approach lazy, irresponsible, and dishonest. So he's out there on the front lines fighting the good fight. Story number two, which you may have heard of, and that is the CEO of Bolt fires his entire HR team. Okay, his entire HR team he fired in Bolt. Again, I'll give you more context on that as well. And then the last story of the day, this is for everybody who has or is getting an MBA program. And this was a story I believe published by The Wall Street Journal titled There's a Fire Sale on MBAs. And the idea is that for decades the golden ticket into the white collar economy was to get an MBA. I remember after I graduated from UC Santa Cruz, I thought I was going to go and get an MBA. And now today there is a story that is going against that entire narrative. So we'll unpack what's going on there and share some data for the MBA market as well. So let's get into the first story of the day. This one, an article that was published by The Street. Many other outlets as well pick this up, but I am choosing this one from The Street. So Nvidia's CEO Jensen Huang gave an interview to Singapore broadcaster CNA yesterday. And by this morning, there was one quote that was flying around everywhere. If you have an X account, you maybe saw it on X, but his words verbatim, quote, their narrative that connects AI to job loss for many of the CEOs that are doing it, it is just too lazy. AI has just arrived. How is it possible that they're already losing jobs? How is it possible that AI became productive and useful only six months ago, and they were somehow laying people off two years ago because of AI? It doesn't make any sense. End quote. He went further on to say, quote, it was just a way for them to sound smart. And I really hate that. I think we're scaring people and that's irresponsible. End quote there.
And he gave some advice to workers. And he said, you're not going to lose your job to AI. You're going to lose your job to somebody who learned AI better than you. I've also echoed that sentiment many times. Gave a talk for MasterCard a couple weeks ago where I also very much echoed that statement as well. Now, Jensen believes it is very likely there will be more jobs in five years than there are today. And he compared the current moment to the introduction of the personal computer, obviously a technology that didn't eliminate work, but changed which workers remained competitive. Now, the futurist lens on this, I think he's making a couple of very interesting arguments here. And I actually love that he is one of the few CEOs out there. Michael Dell is another one who are championing the positive aspects of AI in the workplace and in our lives. And they're shifting away from this doom and gloom narrative, which I think is causing a lot of consequences politically, socially, and also what we're seeing inside of organizations as well. So let me give you a little bit of a historical pattern for this as well, because this has been something that's gone on for many years. And I've also touched on some of these patterns in this podcast over the past few weeks. Now, if you remember when the Internet arrived in the 1990s, there were a lot of companies at the time that were struggling and they blamed the Internet for the disruption. But the real disruption was actually that they were just not able to strategically adapt. And so because they had these strategic failures, they then blamed the Internet for why things were going wrong with their business. When offshoring accelerated in the 2000s, which I'm sure many of you remember, globalization became the big topic that a lot of people were exploring. It became the explanation for restructuring decisions that were really about margin pressure and about post bubble cost cutting. Again, you don't hear much of that conversation in today's economic landscape for businesses around globalization anymore.