The Financial News

The Financial News

Oracle’s $70 Billion AI Gamble: Why More Job Cuts Could Be Coming After 21,000 Already Laid Off


Oracle’s aggressive AI expansion is putting its workforce under fresh scrutiny after the company cut about 21,000 employees, or 13% of its workforce, in fiscal 2026. The company is now reportedly preparing another round of job cuts as it continues pouring billions into AI infrastructure and data centres, adding to questions over how the company is balancing its AI ambitions with workforce costs. Watch.

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