Oracle Cuts 30,000 Jobs to Fund AI Projects

Oracle laid off up to 30,000 employees across Canada, India, Mexico, and the US, sending notices via email at 6 a.m. Tuesday. The cuts target software developers, program managers, and sales staff, with the freed-up $8-10 billion earmarked for AI projects including data centers. The layoffs signal a growing threat to white-collar workers as major companies pivot to AI. Amazon cut 16,000 jobs in January, Block eliminated 4,000 in February, and Goldman Sachs estimates AI could displace 6-7 percent of all US workers.