Big Tech promised AI would disrupt labor — just not like this

New York — Oracle is reportedly laying off thousands of employees, adding to an already long list of tech giants cutting staff while spending hundreds of billions of dollars on AI data 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.

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