Mark Cuban has strong words on AI companies and job losses Hillary Remy July 12, 2026 4 min read SNAP ORCL 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. 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: 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. 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. "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.
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