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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 3 weeks ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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

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

[–] queermunist@lemmy.ml 2 points 3 weeks ago* (last edited 3 weeks 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.