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Oracle's annual filing citedAIadoption among the drivers of 21,000 job cuts in fiscal 2026.
Snap cut 1,000 people and the CEO said rapid AI advances meant a smaller team could do the same work.
At college graduation ceremonies this spring, speakers who brought up AI got booed.
By May,Challenger, Gray and Christmasfound AI was the primary reason cited for nearly 40% of U.S.
In January it was 7%.Mark Cubanhad been watching this play out andposted on X.
The post,covered by Fortunewithin hours of going up, was blunt.
Cuban said major AI companies have already lost the public relations battle.
They keep talking about the technology and ignoring the people most threatened by it.
He told them what to do: go to the towns losing jobs and ask what they need.
"Billions of dollars is a lot of money across towns and city programs.
Across the major LLMs, it's a cost of doing business,"he wrote on X.
"One thing I have learned is being hated is not good for business," he wrote, adding that big AI companies "all suck at putting people first." JPMorgan Chase pushes fraud division layoffs, despite rising revenues Another major fintech firm cutting 10% of its workforce Real estate tech firm exits key hub, cuts 100s of jobs He told companies to skip the celebrities and stop buying politicians.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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