Oracle is the latest tech company slashing jobs over AI

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Oracle is reportedly planning major layoffs affecting thousands of jobs, coinciding with its extensive investments in AI infrastructure, including a $300 billion deal with OpenAI. These job cuts are driven by the significant upfront costs of its AI ambitions, rather than direct AI-driven worker replacement, and are part of a broader trend of “forever layoffs” in the tech industry where companies prioritize AI over human capital.

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