"AI disrupts everything" targets the US job market! Oracle (ORCL.US) cuts over 20,000 employees, AI computational budget accelerating the replacement of manpower.

According to the Zhitong Finance APP, the database software and cloud computing super giant Oracle (ORCL.US) is extremely reducing costs through layoffs to support its grand ambitions in artificial intelligence. This round of layoffs by Oracle, which exceeds 20,000 people, is happening against the backdrop of global tech giants such as Amazon, Microsoft, and Google significantly increasing their investments in AI infrastructure. These giants are all striving to free up larger amounts of cash to build artificial intelligence data center infrastructure. The latest news shows that Oracle has reduced its workforce by 21,000 people in the past 12 months, a scale much larger than previously known, including positions that have been eliminated due to the accelerated penetration of AI agents into corporate operating models.