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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

Power On: How Private Is an Always-Listening Apple Watch?

Apple is bringing some its most ambitious AI capabilities to its products. As AI becomes increasingly woven into daily life, questions over privacy are likely to follow. On this episode of the Power On podcast, Mark Gurman and Vlad Savov discuss privacy implications of new always-listening Apple Watch features. ——– Like this video? Subscribe to…

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Apple is bringing some its most ambitious AI capabilities to its products. As AI becomes increasingly woven into daily life, questions over privacy are likely to follow.

On this episode of the Power On podcast, Mark Gurman and Vlad Savov discuss privacy implications of new always-listening Apple Watch features.
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AI Policy Moves From Washington to the States

AI emerged as a major issue in the midterm elections, but what that means for policy — and the massive data center buildout — remains uncertain. Atlantic Council senior fellow and former Federal Reserve System Chief Innovation Officer Sunayna Tuteja discusses why states could play an increasingly important role in data center policy, and argues…

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AI emerged as a major issue in the midterm elections, but what that means for policy — and the massive data center buildout — remains uncertain. Atlantic Council senior fellow and former Federal Reserve System Chief Innovation Officer Sunayna Tuteja discusses why states could play an increasingly important role in data center policy, and argues regulation and innovation don’t have to be at odds as the US competes with China. She joins Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

Tech Stocks Rebound as Dip Buyers Return to AI Trade

Bloomberg’s Tim Stenovec takes a look at what’s driving a rebound in tech stocks as dip buyers step in to support the battered AI trade. Plus, Anthropic’s IPO plans are hit by the post-election selloff, prompting prospective investors to rethink the company’s expected valuation; and the CEOs of Lyft and DraftKings join to break down…

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Bloomberg’s Tim Stenovec takes a look at what’s driving a rebound in tech stocks as dip buyers step in to support the battered AI trade. Plus, Anthropic’s IPO plans are hit by the post-election selloff, prompting prospective investors to rethink the company’s expected valuation; and the CEOs of Lyft and DraftKings join to break down their earnings results.

00:00:00 – Bloomberg Tech Begins
00:01:16 – Ryan Vlastelica on Data center stock rebound
00:04:15 – Seth Fiegerman on Anthropic IPO Valuation $1.2T
00:06:40 – Michael Monaghan, Founder ETFs on Anthropic IPO
00:13:52 – Natalia Kniazhevich on Nasdaq-100 sheds market value
00:16:45 – David Risher, Lyft CEO on 3Q earnings
00:24:36 – Hema Parmar on tech selloff
00:28:59 – Maggie Eastland on AI companies brace for fallout after elections
00:31:02 – Sunayna Tuteja, Atlantic Council’s Geoeconomics Center on Data Center Backlash
00:37:57 – Jason Robins, DraftKings CEO on 3Q earnings
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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