Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants

Oracle has eliminated roughly one in ten of its workers over the past year, joining a parade of tech giants betting that artificial intelligence will let them operate with dramatically smaller workforces. The purge, which the company has not publicly acknowledged, represents one of the largest layoff waves in Silicon Valley since the industry's 2022 reckoning—and raises urgent questions about whether the promised productivity gains from AI are real or simply corporate cover for mass job elimination. With Microsoft, Amazon, and Google all cutting tens of thousands of roles while simultaneously investing billions in AI, the industry appears to be moving forward with a historic restructuring that could reshape the global workforce for decades.

CNBC·3h ago