AI Drives Growth and Layoffs | Tech News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a5c7910fdd939ccb