tech
Oracle cut 21,000 jobs because of AI.
That’s a workforce reduction of about 13 percent over the last 12 months, according to a disclosure filed Monday. And Oracle is hardly alone in at least partially attributing the cuts to AI advancements:
TL;DR
- Oracle has reduced its workforce by about 13% in the last 12 months.
- These workforce reductions are at least partially attributed to AI advancements.
- 196 tech companies have laid off more than 119,800 employees so far this year.
- There are growing concerns about job losses due to AI disruption in the tech industry.