The report said Oracle now has 141,000 full-time employees, down from 162,000 a year ago, and acknowledged that the AI-focused restructuring “could lead to further headcount reductions.”
The technology industry has cut more than 123,000 jobs so far this year, with AI now the leading reason for job cuts and the estimated driver of layoffs, according to Challenger, Gray & Christmas. 38,579 May and 87,714 year to date.
Mr. Challenger said that the high-tech industry is a “primary industry” because of the reduction in personnel due to AI, 38,242 May’s layoffs were the sector’s largest single month since August 2024.
Nvidia CEO Jensen Huang called CEOs who blame AI for layoffs “lazy” and said it doesn’t make sense from a business perspective that companies are already using AI to replace people. “I really hate that.”
Cloudflare CEO Matthew Prince blames artificial intelligence for the company’s decision to cut 20% of its global workforce. 1,000 Officials wrote in an editorial earlier this month that the company has significantly increased its use of AI in recent months, eliminating the need for middle managers, operational experts, or parts of its audit, finance, legal and compliance departments.
Meta Inc. said Wednesday it plans to lay off 10% of its workforce in previously announced layoffs. 7,000 Meta’s head of human resources, Janelle Gale, will be reassigned to focus on artificial intelligence efforts that “make our company more productive and more rewarding,” the company said in an internal memo.
Cisco Systems announces layoffs 4,000 They have cut jobs and openly acknowledged that the layoffs were due to the introduction of AI within the company.
General Motors will reduce its workforce over the next period. 500 and 600 In response to questions from CNBC, the company declined to comment on whether AI played a role, but one anonymous employee said it plans to replace some of the laid-off employees with new hires with AI skill sets, and another said the company is “going to push AI into day-to-day operations and everything else.”
In an email to Coinbase employees on Tuesday, Armstrong blamed the “volatile” cryptocurrency market and AI. 700 The company explained that some teams will be reduced to unique people who will be expected to do the same work as many people with the help of AI agents, while remaining employees will be directed to “leverage AI in every aspect of their work.”
Meta plans to lay off 10% of its workforce and not hire employees for 6,000 open positions in hopes of offsetting the money it is spending to bring artificial intelligence into the company. General details of personnel reductions announced by Meta 8,000 The workforce cuts scheduled for May 20 are part of a plan initially reported by Reuters that would see the company (which employs about 75,000 people) potentially cut jobs by more than 20% as it invests in AI and plans to utilize AI-assisted workers.
Billionaire Evan Spiegel told employees at Snap, the parent company of social media app Snapchat. 1,000 Jobs will be reduced because “rapid advances in artificial intelligence” will allow fewer people to do the same job. The move is expected to save the company $500 million by the second half of 2026.
Oracle was founded by billionaire Larry Ellison. 20,000～30,000 As the company invests heavily in building out its AI infrastructure, it is also hiring more employees.
Meta, led by Mark Zuckerberg, the world’s 5th richest man, lays off workers 700 The New York Times reported on People in a way that “highlights how much AI has changed the technology industry.”
Crypto.com lays off about 12% 180which cut its workforce as it integrated “company-wide AI,” with CEO Chris Marszalek describing the jobs being cut as “roles that didn’t fit into the new world.”
Software company Atlassian cuts about 10% of its workforce –1,600 “We fundamentally believe that humans and AI produce the best results,” said co-founder Mike Cannon-Brooks, adding that the company’s plan is to “self-fund further investment in AI.”
Billionaire Jack Dorsey’s company, Block, Inc. 4,000 There will be a major reorganization to integrate AI and create smaller, faster teams, and the workforce (nearly half of the company’s staff) will be cut.
Software company WiseTech Global has announced that it will lay off approximately one-third of its employees (2,000 Over the next two years, we aim to rebuild with a focus on artificial intelligence.
The number of people Salesforce has laid off is 1,000 The cuts came earlier this year in marketing, product management, data analytics and the company’s Agentforce AI product, about six months after Salesforce CEO and billionaire Marc Benioff blamed AI for the layoffs of 4,000 support staff.
Social media platform Pinterest has announced that it will cut approximately 15% of its workforce. 800 (based on 5,200 employees at the end of 2025), the company’s stock price fell nearly 10% as it reallocated funds to AI-focused roles.
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“Simply put, AI is revolutionizing the way companies operate, and we are reinventing Coinbase to lead in this new era,” said Coinbase CEO Armstrong. “This is a new way of working, and we need to leverage AI in every aspect of our work.”
87,714. This is the only number of layoffs blamed on AI so far this year, according to career services firm Challenger, Gray & Christmas. AI is cited for approximately 55,000 reductions in 2025.
Technology company CEOs have recently warned that middle management and white-collar jobs are likely to be the most vulnerable in the AI renaissance. Dario Amodei, the billionaire founder and CEO of AI giant Anthropic, said last year that artificial intelligence could eliminate half of entry-level white-collar jobs and cause unemployment to skyrocket. He accused AI companies and government officials of “sugar-coating” the reality that mass job cuts are likely to occur in technology, finance, law and other sectors. Dorsey and former Sequoia managing partner Roelof Botha said last month that they believe AI can do much of what middle managers, or about 12% of employees, currently do. Just Capital, a nonprofit business polling organization, said this week that one-third of Americans are concerned about significant layoffs due to AI replacing roles. More than half of company leaders surveyed said they believe hiring for entry-level positions will slow in the coming years, and that the remaining jobs will require higher skills from employees than in the past. Other analyzes suggest that technology jobs are far more at risk than roles in other sectors. The U.S. Census Bureau estimates that companies in tech-heavy areas like San Francisco, Boston, and Seattle use AI at a much higher rate than in other parts of the country.
The National Association of College and Employers says recent graduates are having less trouble finding entry-level jobs than expected. Employers expect the number of new hires to increase this spring by 5.6% from a year ago, according to the association’s annual survey released in April. The unemployment rate for 20- to 24-year-olds with a bachelor’s degree or higher also fell to 5.3% in March from 8.9% last fall. Benioff said Salesforce is currently hiring 1,000 new graduates and interns to “ride the AI breakthrough.” “They said AI would take away entry-level jobs. Meanwhile, these graduates and interns are building AI, powering Salesforce’s Agentforce and Headless360,” Benioff says. OpenAI’s billionaire CEO Sam Altman recently criticized companies for “AI cleaning,” blaming artificial intelligence for unrelated layoffs.
A Chinese court recently said companies cannot replace or demote employees just because an artificial intelligence system can now do the same job. The ruling is similar to a ruling in the country a few months ago that ruled that the introduction of AI was not sufficient reason to terminate an employee’s contract.
