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One point one billion job applications, processed and rejected by a single piece of software. Workday would like the court to understand this is, technically, not its problem.
Oracle cut roughly 30,000 jobs on March 31, 2026, hitting Health Sciences and SaaS operations hardest, even as net income jumped 95% and the backlog swelled to $523 billion. TD Cowen pegs the annual savings at $8-10 billion, earmarked for the company's $156 billion AI infrastructure buildout.
78,557 tech workers lost their jobs in Q1 2026, with nearly half attributed directly to AI. Oracle, Cloudflare, and others explain why the algorithm needed the headcount more than the humans did, and tech unemployment hits its highest mark since the dot-com bust.
A survey of over 1,000 executives shows companies cutting jobs based on what AI might eventually do, not what it has actually proven it can do. Goldman Sachs tells the newly unemployed to expect a long search and a pay cut when they land.