Oracle layoffs: 21,000 jobs cut, software giant trades human talent for AI tech amid the SaaSpocalypse

Wait 5 sec.

Skip to navigationSkip to main contentSkip to right columnMichael GrothausTue, June 23, 2026 at 6:15 PM GMT+2 3 min readOracle is spending big on artificial intelligence—to the tune of $70 billion this year alone—in order to build data centers and AI-capable servers. But that AI expansion hasn't come without a human cost.Most Read from Fast CompanyOne person has died. Now a major cheese recall is growing across multiple states42 ways you should be using AI right now