Business Is Booming for Many Tech Giants. They're Laying Workers Off Anyway.

Booming AI demand this week sent Oracle's stock to a record high not long after reports that the computing giant laid off hundreds of workers.
Several other tech giants like Microsoft and Amazon have recently cut jobs to lower costs while spending billions on AI expansion.
Amazon CEO Andy Jassy has told employees that Amazon expects to operate with a smaller headcount in the coming years as AI advances.

https://www.investopedia.com/business-is-booming-for-many-tech-giants-they-re-laying-workers-off-anyway-oracle-11807131

3 replies (most recent on top)

Yes, who cares about American Citizens? In fact, many don't even want these jobs. Contracted foreign labor is SO much more affordable and dependable.

Greed is everywhere ! private companies will offshore, outsource and convert full time positions to contractors to improve profits.

They don’t care about the country or American citizens.

greedy corporate sc-m