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Data Doesn’t Show AI Taking Jobs Just Yet

Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It’s the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human…

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Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It’s the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human workers hasn’t turned up yet. Gimble joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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8 Comments

8 Comments

  1. @thesilversnails

    March 6, 2026 at 1:56 pm

    Thanks for this objective take – anecdotes and substacks are not macro statistics….

  2. @STELLVIA.

    March 6, 2026 at 3:12 pm

    If you believe that no jobs being taken by AI, the you might as well go collect your ‘flat earth society membership card’

    • @daShadoSage

      March 6, 2026 at 7:42 pm

      What data are you sourcing?

  3. @kup4ever

    March 6, 2026 at 3:25 pm

    Oh ok. That explains why every major company that is investing in AI is simultaneously firing thousands of people. Great reporting! It really captures the reality of today’s workforce.

    • @daShadoSage

      March 6, 2026 at 7:46 pm

      Sigh. The same companies who hired 10s of thousands of employees during COVID and got bloated? So much so that you had Gen Z workers on TikTok showing how little they do if anything at all? Those same companies who are spending millions and billions on AI CAPEX & R&D, so they have to cut costs somewhere? Why wouldn’t it normally be their largest cost? Labor. And those same companies simultaneously and coincidentally committing billions in new office buildings, infrastructure, and hiring in India? The India AI Summit just happened a few weeks ago. Go see who was in attendance and how much they promised to invest, train, and hire.

      There’s a joke that AI = Another Indian. In reality, it means Another Indian + AI tools + better translation tools.

      Most of these companies are AI washing.

    • @kup4ever

      March 6, 2026 at 7:57 pm

      Uh, this is incorrect. I’m not going to write an entire essay, but research is key. Look up the Covid workforce numbers vs today and you will see there are more people employed today, but that is mainly due to a younger generation entering the workforce, not because of a Covid hiring increase.

  4. @johnkerner6553

    March 6, 2026 at 4:41 pm

    Excellent guest. Have her every month

  5. @user-tx9zg5mz5p

    March 6, 2026 at 5:20 pm

    This, whatever it is, is delusional 😂

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Bloomberg Technology

Apple Kicks Off Ternus Era With Record Product Pipeline

Apple is kicking off its John Ternus era with what could be the biggest run of new device releases in its history. Next week’s product launch is expected to introduce foldables, new iPhones, and an updated Apple Watch. Bloomberg’s Sam Kelly joins Bloomberg’s Lisa Mateo on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg…

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Apple is kicking off its John Ternus era with what could be the biggest run of new device releases in its history. Next week’s product launch is expected to introduce foldables, new iPhones, and an updated Apple Watch. Bloomberg’s Sam Kelly joins Bloomberg’s Lisa Mateo on “Bloomberg Tech.”
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Bloomberg Technology

Anthropic Builds Its War Chest Ahead of IPO | Bloomberg Tech 9/04/2026

Bloomberg’s Lisa Mateo takes a look at Anthropic as it finalizes an expansion of its revolving credit facility to $15 billion before its anticipated public filing. Plus, a look at the latest US jobs report showing the IT sector shed 23,000 jobs in August; and Apple is kicking off the John Ternus era with what…

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Bloomberg’s Lisa Mateo takes a look at Anthropic as it finalizes an expansion of its revolving credit facility to $15 billion before its anticipated public filing. Plus, a look at the latest US jobs report showing the IT sector shed 23,000 jobs in August; and Apple is kicking off the John Ternus era with what could be the biggest run of new devices in its history.

00:00:00 – Bloomberg Tech Begins
00:01:10 – Bailey Lipschultz, Bloomberg News
00:03:31 – Greg Martin, Rainmaker Securities
00:09:54 – Mike McKee, Bloomberg News
00:12:37 – Alicia Modestino, Northeastern University
00:19:01 – Peter Elstrom, Bloomberg News
00:23:32 – Brody Ford, Bloomberg News
00:26:27 – Anthony Saglimbene, Ameriprise Financial
00:33:20 – Sam Altman, OpenAI CEO
00:37:10 – Seth Fiegerman, Bloomberg News
00:41:03 – Samantha Kelly, Bloomberg News
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Bloomberg Technology

OpenAI Rolls Out Its Most Advanced Model Yet

OpenAI is rolling out its most advanced model yet, with GPT-6 Astra being positioned as a major step toward AGI – but its powerful cybersecurity capabilities are also forcing OpenAI to put new guardrails in place. Bloomberg’s Seth Fiegerman joins Bloomberg’s Lisa Mateo on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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OpenAI is rolling out its most advanced model yet, with GPT-6 Astra being positioned as a major step toward AGI – but its powerful cybersecurity capabilities are also forcing OpenAI to put new guardrails in place. Bloomberg’s Seth Fiegerman joins Bloomberg’s Lisa Mateo on “Bloomberg Tech.”
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