Oracle has laid off thousands of workers as the company pours billions into AI infrastructure. The cuts are part of a broader organisational change, with earlier predictions suggesting up to 30,000 jobs could be eliminated. Oracle is heavily investing in AI through the Stargate project with OpenAI and Softbank, requiring massive debt financing. The layoffs will help offset the costs of these AI data centre investments. https://gizmodo.com/oracle-lays-off-thousands-to-offset-ai-spending-2000740924 #AIagent #AI #GenAI #WorkforceDisruption #Oracle