AI - where is the dislocation?

Not aiming for another doomsday death knell. I am curious why / how the AI roll-out (gradual as it is) is not impacting the job market (or maybe it is and I am oblivious to it).

I do see threads like the below and have directly made use of Claude in similar / more complicated situations with very favourable results. Some examples:

- Uploaded a scanned document on some rights issue calculations which were not spelled out in the document. Claude was able to cleanly extract the correct workings and explain the missing assumptions that had been glossed over (to a tee)

- Uploaded a publicly available annual report and OM. Claude was able to give me a full bells and whistles 3-statement model with various recap alternatives (fully dynamic, revenue build granular based on KPIs)

At the same time I keep reading stuff like this in the news about roles being pulled (this is for HFs). Not sure to what extent this is the economic climate as opposed to the actual roles being less required / class sizes shrinking.

What are you guys seeing? 

Sources / References:

https://www.wallstreetoasis.com/forum/off-topic/claude-in-excel-review

https://www.wallstreetoasis.com/forum/private-equity/how-claude-disrupts-deal-team-structure#comment-3804084

https://www.fnlondon.com/articles/why-hedge-fund-analysts-should-worry-about-anthropic-and-openai-31b348bc?mod=author_page

“Clients are pulling roles they’d have hired for six months ago because they simply don’t see the value in paying someone $300,000 when AI can do the same job,” said Seán Sweeney, managing director at hedge fund recruitment firm CW Talent Solutions. “That’s not a prediction, that’s happening now.”