Oracle layoffs: 21,000 jobs cut, software giant trades human talent for AI tech amid the SaaSpocalypse (opens in new tab)

Oracle is spending big on AI, 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 US 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 expansion. Here’s what you need to know. Oracle has cut 21,000 jobs in the past 12 months In the company’s annual , the SaaS ...