AI Cost 21,000 Jobs At Oracle This Year—And More Layoffs Could Be Coming
Artificial intelligence is beginning to reshape workforces across the technology industry. In a recent Forbes article, Oracle disclosed that it reduced its workforce by 21,000 employees over the past year, citing the adoption of AI technologies as part of its restructuring efforts. The report also notes that other major companies are making similar investments in AI while changing the types of jobs they hire for. As businesses continue adopting AI, the workforce is expected to keep evolving.
As AI changes how companies operate, conversations about workforce transition are becoming increasingly important. Universal Income would help provide long-term financial stability while ensuring Americans continue benefiting from the economic value created through innovation and productivity growth.