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Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres (www.livemint.com)

submitted 1 day ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] queermunist@lemmy.ml 3 points 1 day ago* (last edited 1 day ago) (1 children)

Not exactly. I'm sure there are specific cases where someone lost their job because AI does it better, but in most cases they lost their job because we're in a recession and the company needed to use chatbots to cut costs.

[–] III@lemmy.world 1 points 1 day ago (1 children)

...decided to use chatbots to cut costs. Also, AI doesn't do it better.

[–] queermunist@lemmy.ml 2 points 1 day ago* (last edited 1 day ago)

Well, it cuts costs in the short run. In the long run it's more expensive because (for most jobs) it does a worse job and requires human intervention to fix the problems it creates, but that's next fiscal quarter's problem.