Technology
Meta Cuts 8,000 Jobs as AI Spending Surges
Meta will cut 8,000 jobs May 20 while pouring tens of billions more into AI. The 'AI replaced them' headline is neater than what the company actually said.
Layoffs
Technology
Oracle Cuts 30,000 Jobs with a 6 a.m. Email
Oracle eliminated up to 30,000 employees — 18% of its workforce — with a pre-dawn email signed 'Oracle Leadership.' The savings fund a $156 billion AI infrastructure bet that has already pushed the company's debt past $108 billion.
Technology
Meta Eyes 20% Workforce Cut to Fund Its AI Bet
Meta is planning layoffs that could affect up to 20% of its 78,865 employees — roughly 15,800 people — as AI infrastructure costs consume an ever-larger share of revenue.