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AI Drives Growth and Layoffs | Tech News
Published 1 week, 1 day ago
Description
Tech giants are booming with AI-driven profits—but at a steep human cost. Oracle’s 27% profit surge came alongside 21,000 layoffs. Google’s Cloud division saw 63% revenue growth while cutting a third of its managers. PayPal plans 20% workforce reductions, GM cites AI in IT cuts, and IBM triples AI hiring while using AI to automate HR. Over 120,000 tech jobs lost this year—progress and job security colliding.
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