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Oracle cut 21,000 jobs because of AI, annual report reveals
Oracle cut 21,000 jobs due to artificial intelligence, as revealed in its annual report. The layoffs represent approximately 13% of the company's workforce.
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Adjacent reporting
- Snap is cutting 1,000 jobs, 16% of its workforce
- Snap is laying off 16 percent of its workforce, blames AI
- Meta has reportedly laid off 8,000 employees
- Meta slashes 10 percent of workforce
- Meta cuts 8,000 jobs in sweeping global layoffs
- Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants