Oracle is reportedly laying off thousands of employees.
This is adding to an already long list of tech giants who are cutting staff.
IT’s all while spending hundreds of billions of dollars on AI centers.
Microsoft laid off 15,000 people last year.
Amazon axed 16,000 jobs in January.
Atlassian let go of 10% of its workforce as part of its AI pivot.
Block shed 40% of its staff, claiming AI could do much of the basic coding work it needed.
Meta, which has explicitly set out to create a godlike “superintelligent” AI, reportedly laid off 700 employees while boosting a stock incentive program for a handful top executives. (CNN)
It sounds like they are “betting the farm” to me.
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