Why Meta, Microsoft & Oracle Are Cutting Jobs Despite Huge Profits | AI Shift Explained
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Why Meta, Microsoft & Oracle Are Cutting Jobs Despite Huge Profits | AI Shift Explained
Meta laid off 8,000 employees. Microsoft offered buyouts to 8,750 workers. Oracle reportedly cut up to 30,000 jobs. Cisco also announced thousands of layoffs. So is the tech industry crashing? Not exactly. In this video, we explain why Big Tech companies are laying off employees even while reporting record revenues and profits. The real story ...
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