Mar. 12 at 12:31 PM
$ORCL is reportedly cutting 30,000 jobs to "fund AI."
But the 10-K tells a different story: Oracle grew from 159K to 162K employees last fiscal year.
Same pattern across the board:
$AMZN → announced −30K, filed +51K
$GOOGL → serial layoff headlines, filed +821
$MSFT → announced −10K+, filed +7K
$META → announced −5%, filed +4,798
Fed NY survey: only 1% of AI-using firms actually laid off workers because of AI. 12% hired fewer.
The real story isn't layoffs. It's a hiring freeze no one is reporting.
Full analysis: https://newsletter.electe.net/p/the-anatomy-of-an-ai-layoff
https://newsletter.electe.net/p/anatomy-of-an-ai-layoff