layoffs
Oracle has drawn up plans for a new round of job cuts to reduce payroll as it racks up billions in debt to fund AI infrastructure, according to people familiar with the plans and an internal document viewed by Business Insider.The cuts could reach double-digit percentages on some teams, according…
Big cuts are coming for Monday.com.The enterprise software company plans to cut 20% of its workforce, according to a Form 6-K it filed. The layoffs are meant to align the company with its “strategic focus on the AI Work Platform,” the disclosure said.Monday.com joins the growing group of companies citing…
This as-told-to essay is based on a conversation with Max Votek, the cofounder and managing partner of Customertimes, an enterprise consulting firm that helps Fortune 500 companies implement AI. This essay has been edited for length and clarity.Companies are rushing to blame layoffs on artificial intelligence. But from where I…
