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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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Dell Scales Up the AI Supply Chain to Meet Demand

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Dell Technologies Inc. Chief Executive Officer Michael Dell and Nvidia CEO Jensen Huang talk about how they work together on Dell’s AI Factory which uses servers with Nvidia chips, software and services. They speak to Bloomberg’s Ed Ludlow at the Dell World conference in Las Vegas.
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IREN CEO: Have Great Relationship With Dell and Nvidia

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IREN, a vertically integrated AI cloud provider, recently announced a strategic partnership with Nvidia for up to $2.1 billion as part of a broader agreement between the two companies aimed at accelerating the construction of AI infrastructure. IREN CEO Daniel Roberts joins Ed Ludlow on the sidelines of Dell Technologies World in Las Vegas to discuss on “Bloomberg Tech.”
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Self-Improving AI Startup Recursive AI Valued at $4.65B

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Recursive, a startup creating AI that conducts experiments on how to safely improve itself, just came out of stealth. The company is valued at $4.65 billion, with backers including Google Ventures, Greycroft, Nvidia and AMD Ventures. Recursive CEO Richard Socher joins Caroline Hyde on “Bloomberg Tech.”
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