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The Economic Times
The Economic Times
National

Oracle plans more layoffs as AI spending surges. Is the AI jobs apocalypse finally here?

Oracle is reportedly preparing for another round of layoffs this month, even as the technology company continues to spend heavily on artificial intelligence infrastructure. The reported job cuts come just months after Oracle's workforce fell by about 21,000 employees during its 2026 financial year, raising fresh questions about whether AI is finally beginning to have a major impact on jobs.

According to a recent Business Insider report, Oracle has asked managers to identify employees who could be affected by another round of workforce reductions. The cuts are reportedly expected before the beginning of the company's second quarter of fiscal 2027 on September 1, with some teams potentially facing reductions in the double digits.

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