Oracle Layoffs 21,000 Workers, Citing AI Adoption to Fund Debt-Driven Investments

Oracle cut 21,000 jobs over the past year, reducing its full-time workforce from 162,000 to 141,000, according to a recent SEC filing. The company attributed the reductions to the adoption and deployment of AI technologies across its operations. The layoffs are part of a strategy to channel resources into debt-fueled AI investments.