
Technology
71,000 Tech Jobs Gone in Q1: The Real Story Behind AI Layoffs
Companies are cutting workers over AI's potential, not its performance. Only 2% of layoffs are based on actual automation results.
Shaw Beckett·

Companies are cutting workers over AI's potential, not its performance. Only 2% of layoffs are based on actual automation results.

The largest layoff in Oracle's history is funding a $156 billion AI buildout, and employees found out through a pre-dawn mass email with no warning.

After a year of legal battles and last-minute deals, TikTok's US operations officially transfer to American ownership on January 22nd.