Layoffs commence at two major tech giants

As the holiday season approaches, a wave of layoffs hits major private employers like Amazon, UPS, Target, Salesforce, and Oracle. Oracle, in the midst of a $1.6 billion restructuring, lays off hundreds in Washington state, with potentially thousands more jobs at risk. Salesforce cuts between 50-100 jobs, part of a larger plan to eliminate up to 5,000 positions, citing AI efficiency. Employees express anxiety, questioning if companies are using AI as a convenient excuse for downsizing. As uncertainty looms, the debate rages on: is the AI revolution to blame, or is it just another chapter in America's corporate cost-cutting story? DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.