Oracle Is Laying Off Workers While Pouring Billions Into AI

American software and cloud computing giant Oracle has laid off thousands of employees as it doubles down on investing in AI infrastructure, multiple reports claimed on Tuesday. 

Since early this year, big tech companies have been laying off thousands of employees, with Oracle now joining that growing list. What started as isolated workforce reductions across a few firms is beginning to look more like an industry trend as tech giants invest heavily in AI. 

While the company has yet to give exact figures on the impact of the layoff, some employees have taken to different media channels, citing a significant drop in employees across regions, including Mexico and India. 

In a LinkedIn post, Michael Shepherd, a senior operations manager at Oracle, tried to clarify the nature of the layoffs, saying that “the individuals affected were not let go because of anything they did or didn’t do. Many of them are the people you call when something is truly broken, the ones who show up early, stay late, and carry institutional knowledge that took years to build.”