Business

Tech Giants Layoffs Amid AI Expansion

Updated 2026-06-23 10:25 UTC 2 sources Negative

Oracle announced the shedding of 21,000 jobs over the past year as part of a broader trend of tech giants cutting staff to adapt to the rise of artificial intelligence.

Coverage timeline — 2 articles

CNBC

Oracle shed 21,000 roles over the past year amid wave of AI layoffs from tech giants

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce," Oracle said.

2026-06-23 10:09 UTC

MarketWatch

‘It feels like a medical miracle’: How did a single QR code coupon cut my $618 Walgreens prescription to $15?

“This medication was generic.”

2026-06-23 10:15 UTC