• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

The Indian Government’s Job Statistics Are Misleading

October 21, 2026

Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

October 21, 2026

American Diabetes Association shakes up leadership

October 21, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Wednesday, October 21
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

    October 21, 2026

    JD Vance’s Ohio Rally Disaster May Have Gotten Sherrod Brown Elected

    October 21, 2026

    El-Sayed’s Muslim Brotherhood Boost… Look Who’s Cheering Him On! (VIDEO) * The Gateway Pundit * by Grant Stinchfield

    October 21, 2026

    Why Republicans’ massive cash advantage is evaporating on the airwaves

    October 21, 2026

    Trump Says Ilhan Omar “Might Go to Jail” – Calls Somalia a “Real Sh*t House” * The Gateway Pundit * by Jordan Conradson

    October 21, 2026
  • Health

    American Diabetes Association shakes up leadership

    October 21, 2026

    Ebola, Nigeria, Vaccines, CRISPR, Mark Cuban: Morning Rounds

    October 21, 2026

    Mark Cuban’s Cost Plus Drugs tackles expensive rare disease treatments

    October 21, 2026

    Counterintuitive approach floated to boost measles vaccine uptake

    October 21, 2026

    Quality fell after chains like RegalCare took over nursing homes| STAT

    October 20, 2026
  • World

    Amy Robach And T.J. Holmes’ Exes Are Now Engaged — To Each Other

    October 21, 2026

    Pro-Trump New York Post Warns How He Could Spark ‘Full-On Riot’ In GOP

    October 21, 2026

    Reporter Hits Back At Trump’s ‘Sick Person’ Jab With Pointed Health Update

    October 21, 2026

    Bush Family Member Rebukes Trump, Breaks From GOP In Key Race

    October 21, 2026

    Trump Dodges JD Vance 2028 Endorsement Question, With Vance Right Behind Him

    October 21, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    The Indian Government’s Job Statistics Are Misleading

    October 21, 2026

    The China-US Quantum Computing Contest

    October 21, 2026

    China’s AI Industry Brings Both Gains and Challenges for Its Fragile Economy

    October 21, 2026

    Goldman Sachs, JPMorgan, Morgan Stanley dominate AI stock boom

    October 21, 2026

    Taiwan’s Tech Diplomacy Has a Labor Problem

    October 20, 2026
  • Tech

    Texas AG Ken Paxton Sends Compliance Letters to 156 Data Centers over Water Usage Reporting

    October 16, 2026

    Musk Unveils Flying Tesla Roadster at SpaceX Texas Site

    October 16, 2026

    Nvidia’s Jensen Huang Says U.S. ‘Absolutely Must’ Work with China on AI Safety

    October 16, 2026

    8 States Sue OpenAI Alleging ChatGPT Deceived Parents and Harmed Children

    October 16, 2026

    Poll Shows Mike Rogers Edging Out Abdul El-Sayed in Michigan Senate Race

    October 15, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Mark Cuban has strong words on AI companies and job losses
Finance

Mark Cuban has strong words on AI companies and job losses

July 13, 2026No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mark Cuban has strong words on AI companies and job losses
Share
Facebook Twitter LinkedIn Pinterest Email

Oracle’s annual filing cited AI adoption 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 Christmas found AI was the primary reason cited for nearly 40% of U.S. job cuts. In January it was 7%. Mark Cuban had been watching this play out and posted on X. It drew nearly 2 million views.

What Mark Cuban said AI companies owe workers and communities

The post, covered by Fortune within 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.”

More Layoffs:

He told companies to skip the celebrities and stop buying politicians. Neither works, he said.

See also  Dow inches up as inflation trends stay positive: Stock market news today

Instead, go to working artists and creative unions in Los Angeles and New York, not the studios, and ask directly what financial and creative support would look like. Then actually do it.

“Given the number of data centers and power that is needed, today and going forward, if you don’t kiss the asses of the people that go to work every day, and are just trying to pay their bills, you will fall far far short of the capacity you need to make your business work,” he wrote.

Why Cuban says data center protests are really about something else

“It’s time for everyone to realize that the fight against data centers has nothing to do with data centers. They have become a proxy for the hate towards AI and the concentration and accumulation of wealth it’s creating,” Cuban wrote.

At least 75 data center projects worth roughly $130 billion were blocked or delayed in Q1 2026 alone, the worst quarter on record, according to Benzinga.

A Gallup survey from May found 71% of Americans oppose AI data centers near their communities. Nearly half strongly oppose them. Residents cited power use, water consumption, noise, and rising utility bills.

Residents aren’t fighting the buildings. They’re fighting what the buildings represent: AI wealth concentrating at the top while their jobs disappear.

At least 16 U.S. companies have announced layoffs citing AI redundancies in 2026Andrey/Getty Images

The AI job loss numbers Cuban is pointing to

At least 16 U.S. companies have announced layoffs citing AI redundancies in 2026, including Snap, Cisco, and Coinbase, as TheStreet reported. AI went from 7% of cited layoff reasons in January to 10% in February, 25% in March, 26% in April, and nearly 40% in May.

See also  Australia, Indonesia Aim to Challenge China’s Dominance in EVs and Batteries

“AI is now the leading reason companies give for cutting jobs,” said Andy Challenger of Challenger, Gray and Christmas.

The same morning Cuban’s post went up, Nobel laureate Paul Krugman published a multipart Substack critique of the AI industry, concluding the backlash is not “normal skepticism about change.”

Cuban himself thinks AI will produce net job gains eventually. He just doesn’t think companies get to say that while doing nothing for workers losing jobs right now.

Why blocked data centers are becoming an AI industry business problem

Pew Research found 71% of Americans thought tech companies had a positive impact in 2015. By 2022 that had broadly reversed after years of social media controversies, privacy scandals, and frustration over concentrated wealth. AI is inheriting all of that.

Seventy-five blocked data center projects in a single quarter is a capacity problem, not just a narrative one. If communities keep saying no, the infrastructure buildout that underpins most AI growth projections slows down. The Q1 numbers show it’s already happening.

Cuban’s case is that community spending solves it. Companies that fund local programs and actually show up in the towns being disrupted face fewer permitting fights and cleaner expansion paths. The ones still spending on politicians and celebrities keep hitting the same wall, and the wall keeps getting bigger.

Related: Mark Cuban has strong words on minimum wage and employers

See also  Woman Who Allegedly Dumped Trash At Knicks Parade Identified As JPMorgan Chase DEI Executive, Fired From Job: REPORT

This story was originally published by TheStreet on Jul 12, 2026, where it first appeared in the Employment section. Add TheStreet as a Preferred Source by clicking here.

companies Cuban Job Losses Mark strong Words
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Indian Government’s Job Statistics Are Misleading

October 21, 2026

The China-US Quantum Computing Contest

October 21, 2026

China’s AI Industry Brings Both Gains and Challenges for Its Fragile Economy

October 21, 2026

Goldman Sachs, JPMorgan, Morgan Stanley dominate AI stock boom

October 21, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

U.S. Brings Charges Over Secret Chinese Police Outpost In New York City

April 17, 2023

Emily Compagno Joins Fox News’ ‘The Five’ as Co-Host

August 24, 2026

Biden Regulator Launches Investigation Into Tesla After Complaints Of Cars Losing Control

August 1, 2023

Updated standings after Lyca Kovai Kings vs Chepauk Super Gillies, Match 9

June 20, 2023
Don't Miss

The Indian Government’s Job Statistics Are Misleading

Finance October 21, 2026

The Indian government claims that the formal job market in the country is booming. It…

Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

October 21, 2026

American Diabetes Association shakes up leadership

October 21, 2026

Raven-Symoné Calls Out JD Vance After Comments About James Talarico

October 21, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (7,544)
  • Finance (5,263)
  • Health (2,971)
  • Lifestyle (1,962)
  • Politics (5,040)
  • Sports (5,499)
  • Tech (2,833)
  • Uncategorized (4)
  • World (7,844)
Our Picks

How the EU’s Security Approach Affects China-Europe Relations

June 27, 2023

JPMorgan Asset Says Markets Are Right to Bet Fed Cuts Are Coming

May 17, 2023

Beating Travel Stress With Natural Remedies For A Relaxing Journey

March 5, 2025
Popular Posts

The Indian Government’s Job Statistics Are Misleading

October 21, 2026

Stephen Miller Goes Off on Foreign Scammers During White House Roundtable on Cybercrime * The Gateway Pundit * by Jordan Conradson

October 21, 2026

American Diabetes Association shakes up leadership

October 21, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.