Connect with us

Bloomberg Technology

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…

Published

on

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.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading
Advertisement
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 😂

Leave a Reply

Your email address will not be published. Required fields are marked *

Bloomberg Technology

Rocket Lab Targets SpaceX’s Starlink Dominance in New Deal | Bloomberg Tech 6/29/2026

Bloomberg’s Ed Ludlow speaks with the CEO of Rocket Lab about the company’s biggest bet yet: buying Iridium in an $8 billion deal to challenge SpaceX in the orbital economy. Plus, South Korean firms, including Samsung and SK Hynix will spend at least $880 billion on chips and data centers, as the country seeks to…

Published

on

Bloomberg’s Ed Ludlow speaks with the CEO of Rocket Lab about the company’s biggest bet yet: buying Iridium in an $8 billion deal to challenge SpaceX in the orbital economy. Plus, South Korean firms, including Samsung and SK Hynix will spend at least $880 billion on chips and data centers, as the country seeks to maintain its edge in the AI era; and Anthropic wins US approval to restore some access to its Mythos 5 AI model after resolving concerns about the technology’s potential threats to national security.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:29 – Peter Beck, Rocket Labs CEO
00:11:11 – Avril Hong, Bloomberg News
00:13:00 – Shanti Kelemen, 7IM Co-Chief Investment Officer
00:18:37 – Talking Tech with Yahaira Anand
00:19:47 – Natasha Mascarenhas, Bloomberg News
00:24:39 – Bailey Lipschultz, Bloomberg News
00:28:40 – Theresa Payton, Fortalice Solutions CEO
00:33:38 – Clem Delangue, Hugging Face CEO
00:41:27 – Issie Lapowsky, Bloomberg Businessweek Contributor
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Bloomberg Technology

Hugging Face CEO Weighs In on Anthropic AI Model’s ‘Dangerous’ Label

As government scrutiny over Anthropic’s Mythos AI model takes center stage in the public debate over AI’s national security concerns, Hugging Face CEO Clem Delangue says being labeled “too dangerous” may actually be good marketing for frontier AI firms. He joins Ed Ludlow on “Bloomberg Tech” to explain. ——– Like this video? Subscribe to Bloomberg…

Published

on

As government scrutiny over Anthropic’s Mythos AI model takes center stage in the public debate over AI’s national security concerns, Hugging Face CEO Clem Delangue says being labeled “too dangerous” may actually be good marketing for frontier AI firms. He joins Ed Ludlow on “Bloomberg Tech” to explain.
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Bloomberg Technology

Bob Iger, Joshua Kushner Discuss NBA Expansion Bid

Former Disney CEO Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the National Basketball Association expansion team in Las Vegas, according to sources. Bloomberg’s Natasha Mascarenhas joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the…

Published

on

Former Disney CEO Bob Iger and Thrive Capital founder Joshua Kushner have hired investment bankers and discussed making a bid for the National Basketball Association expansion team in Las Vegas, according to sources. Bloomberg’s Natasha Mascarenhas joins Ed Ludlow on “Bloomberg Tech.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Trending