Oracle is the latest tech company slashing jobs over AI

There’s limited evidence that Oracle is replacing workers with AI en masse—but the company is planning thousands of job cuts while investing tens of billions of dollars in data centers.

Much like its peers in the tech industry, Oracle is pouring money into AI infrastructure. In a bid to compete with companies like Amazon and Microsoft, the tech giant inked a lucrative $300 billion deal with OpenAI last year to build out AI data centers. But the deal requires Oracle to spend a significant amount of money up front—a move that is now pushing the company to cull its workforce.