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

Oracle announced that it laid off 21,000 employees in the past year, attributing the cuts to the integration and deployment of AI technologies across its operations. This move reflects a broader trend in the tech industry where companies are pivoting to AI to streamline processes, resulting in significant workforce reductions. The layoffs highlight the transformative impact of AI on traditional job roles and underscore the competitive pressures tech giants face to remain efficient and innovative.