Part 11/15:
Other companies, like Oracle, reportedly laid off about 3,000 employees, with similar downstream effects—particularly impacting entry-level and junior roles. Data indicates a 13-15% drop in job postings for entry-level AI-related jobs (ages 22-25), despite an overall surge in applications, signaling a challenging job market outlook for recent graduates and newcomers.
This pattern suggests a labor glut in certain sectors, with AI-driven automation suppressing wages and limiting job creation—a cycle likely to intensify.