… In that same filing, Oracle explicitly pointed to AI resulting in those shocking layoffs. “The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” the company stated. “These types of restructurings may also lea… …
… Just this year alone, Pinterest laid off 15 percent of its workforce amid a shift toward AI initiatives, and Jack Dorsey co-founder of Block took to Twitter to announce that 4,000 jobs were cut at his company due to a restructuring aimed at integrating AI into its operations. …
For months, the dominant AI doom-narrative has focused on job losses . The fear of automation replacing workers, companies restructuring around AI and fears that entire professions could become obsolete have felt very real. …
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