Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • Where are new grads finding job opportunities?
    • Starbucks’s ChatGPT experiment could quietly reshape how people order coffee
    • Duolingo was evaluating its workers’ AI use. Workers pushed back.
    • Is organic music discovery dead? Geese ‘psyop’ debate leaves artists frustrated by growing barrier to entry
    • SantaCon president stole millions in charitable donations to fund luxury lifestyle, says FBI
    • Target’s new retro-inspired Pokémon collection was made for superfans, by superfans
    • The future of AI in schools isn’t personalized learning
    • How new perspectives come from moonwalking
    Populist Bulletin
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Populist Bulletin
    Home»Business»Oracle is the latest tech company slashing jobs over AI
    Business 3 Mins Read

    Oracle is the latest tech company slashing jobs over AI

    Business 3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Much like its peers in the tech industry, Oracle is pouring money into AI infrastructure. The tech giant inked a lucrative $300 billion deal with OpenAI last year to build out AI data centers, in a bid to compete with companies like Amazon and Microsoft. But the deal requires Oracle to spend a significant amount of money upfront—a move that is now pushing the company to cull its workforce. 

    According to recent reports, Oracle is planning major layoffs that would reportedly affect thousands of jobs. The company had already earmarked about $1.6 billion for restructuring costs this year—largely due to “employee severance costs”—indicating there would be job cuts. As of February, that sum has now increased by $500 million, bringing overall restructuring costs to $2.1 billion. Bloomberg has reported that the layoffs would impact many parts of the business and could take effect this month; some of the job losses will also target roles that AI is rendering less essential. 

    The forthcoming job cuts were framed as broader than Oracle’s usual rolling approach to layoffs; the company typically avoids large-scale layoffs that merit a public announcement. Oracle would also effectively freeze hiring in its cloud division, according to Bloomberg.

    Oracle joins a growing list of companies that are trimming headcount due to AI—but as with many other employers, there’s limited evidence that the company is replacing workers with AI en masse. Instead, these layoffs largely seem to be driven by Oracle’s extensive investments in AI, which could take years to pay off. Oracle is currently raising $50 billion in debt and equity to finance its AI aspirations, and analysts have said the company will likely continue losing money on this venture until 2030.

    Last month, Jack Dorsey announced major layoffs at his fintech company Block, which drew widespread consternation. Dorsey framed those job losses, which affected 40% of the company’s workforce, as the direct result of efficiency gains from AI. But many companies have also used AI as a convenient explanation for more pedestrian cost-cutting measures, even as economists have argued that AI is not yet displacing workers on a large scale. Some companies have cited AI rather than blaming issues like immigration policy and tariffs, which might not be as politically expedient or appealing to shareholders. 

    Others, like Oracle, are slashing jobs over AI—but not necessarily because they’re outright using AI to replace workers. Microsoft, too, has made sweeping investments in AI, spending tens of billions of dollars on data centers while laying off over 15,000 in 2025. The layoffs at companies like Microsoft and Amazon have also targeted middle managers, the sorts of jobs that can’t exactly be replaced by AI at the moment. 

    The AI boom has also helped cement an era of forever layoffs, in which even big tech jobs no longer hold the promise of stability. Since the pandemic, tech employers have become especially reliant on layoffs—a trend that has been accelerated with the rise of AI. Whether or not workers are getting explicitly displaced or ousted due to automation, few jobs are now safe if companies value AI over human capital. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Where are new grads finding job opportunities?

    April 16, 2026

    Starbucks’s ChatGPT experiment could quietly reshape how people order coffee

    April 15, 2026

    Duolingo was evaluating its workers’ AI use. Workers pushed back.

    April 15, 2026
    Top News
    Business 3 Mins Read

    Anthropic’s new Claude Opus 4.6 aims to think through bigger code bases

    Business 3 Mins Read

    Anthropic is out with a new model called Claude Opus 4.6, an upgrade to its…

    Best Customer Loyalty Programs to Boost Your Business

    November 23, 2025

    100 major housing markets with falling home prices

    February 23, 2026

    Mary K. Simkhovitch and the Dream of an Affordable New York

    March 16, 2026
    Top Trending
    Business 3 Mins Read

    Where are new grads finding job opportunities?

    Business 3 Mins Read

    It’s a brutal hiring market for new grads. Hiring has slowed across…

    Business 3 Mins Read

    Starbucks’s ChatGPT experiment could quietly reshape how people order coffee

    Business 3 Mins Read

    Not sure what to order on your next Starbucks run? Now, ChatGPT…

    Business 3 Mins Read

    Duolingo was evaluating its workers’ AI use. Workers pushed back.

    Business 3 Mins Read

    After introducing a new strategy for performance reviews to include evaluations of…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, government accountability, globalization, and the preservation of American cultural heritage.

    We are devoted to delivering straightforward, unfiltered, compelling, relatable stories that resonate with the majority of the American public, while boldly challenging false mainstream narratives that seem to only serve entrenched elitists, and foreign interests.

    Top Picks

    Where are new grads finding job opportunities?

    April 16, 2026

    Starbucks’s ChatGPT experiment could quietly reshape how people order coffee

    April 15, 2026

    Duolingo was evaluating its workers’ AI use. Workers pushed back.

    April 15, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.