News May 26, 2026
3 min read
Sam Altman Says AI Won't Cause a 'Jobs Apocalypse' as Meta and Oracle Cut 38,000 Workers for AI Pivots
OpenAI's CEO told a Sydney conference he was 'delighted to be wrong' about AI-driven job losses. The same week, Meta notified 8,000 employees of layoffs, Oracle cut up to 30,000, and a new analysis of SEC filings found that AI-linked layoffs at 33 companies produced no measurable margin improvement for the companies that made them.