Oracle Lays Off Thousands to Offset AI Spending

Photo: Larry Ellison. Photo courtesy of Hartmann Studios / Oracle PR via Flickr. CC BY 2.0. Article by Matt Novak. Gizmodo –  April 1, 2026.

Oracle laid off thousands of people on Tuesday in a move that was widely anticipated as more and more tech companies claim they’ll need fewer workers thanks to the AI boom. The total number of people let go is unclear. However, earlier this year, investment bank TD Cowen had predicted the number could be as high as 30,000 in a company of about 162,000 people globally, according to CNBC. […]

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