#Oracle laid off 21,000 #employees, nearly 13% of its #workforce, over the past year due to #AI related #restructuring. The company spent $1.8 billion on restructuring costs, including severance payments. This move aligns with broader industry trends, as tech giants like Meta, Google, Microsoft, and Amazon also face pressure to optimise their workforce for AI advancements. https://www.cnbc.com/2026/06/23/oracle-ai-job-cuts-layoffs-21000.html?eicker.news #tech #media #news