Oracle Cuts 21,000 Jobs in One Year as AI Reshapes Tech Workforce
Oracle cut 21,000 jobs in 2026, citing AI automation. Restructuring costs hit $1.8 billion as the company races to build AI and cloud infrastructure.
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Latest AI Stocks News
Oracle cut 21,000 jobs in 2026, citing AI automation. Restructuring costs hit $1.8 billion as the company races to build AI and cloud infrastructure.
dalecom
OpenAI and Anthropic are both targeting $1 trillion IPO valuations, but Anthropic is closer to profitability with stronger enterprise revenue.
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Tech stocks fall globally as AI spending doubts grow. Nasdaq drops 2.2%, Micron falls 13%, and markets from Wall Street to Asia feel the pressure.
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