Oracle Lays Off 21,000 Employees in a Year: The Bill for AI Transformation, the Global Tech Giants Are All Paying
Oracle plans to cut 21,000 jobs in FY2026, reducing its workforce from 162,000 to 141,000 (13% reduction). Restructuring costs hit 12.5 billion yuan, far exceeding previous years. This major adjustment reflects cost pressures and strategic transformation pains for tech giants in the AI era.....