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Oracle layoffs: 21,000 jobs cut, software giant trades human talent for AI tech amid the SaaSpocalypse

Fast Company 23 June 2026 6h ago
Oracle layoffs: 21,000 jobs cut, software giant trades human talent for AI tech amid the SaaSpocalypse
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Oracle is spending big on artificial intelligence —to the tune of $70 billion this year alone—in order to build data centers and AI-capable servers. But that AI expansion hasn’t come without a human cost. In its latest Form 10-K filing with the U.S. Securities and Exchange Commission (SEC), the company revealed that it has cut tens of thousands of jobs over the past year to help fund its AI expans
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