corporate-layoffs

Latest stories covering corporate-layoffs, with summaries and links to related coverage.

2 articles · page 1 of 1

• AI bet goes awry: Oracle fires 21,000 employees

  2026-07-23

  news

  2 min read

  Oracle has laid off 21,000 employees amid increasing financial pressures in the competitive AI landscape. Major tech companies, including Amazon, Microsoft, Alphabet, and Meta, are projected to invest around $600 billion in AI infrastructure by 2026.

  ai-investmentsai-infrastructuretech-competition

• Mark Zuckerberg Says AI Costs Contributed To Layoffs Of 8,000 Staffers, Report Says

  2026-04-30

  news

  3 min read

  Meta CEO Mark Zuckerberg stated that rising costs associated with artificial intelligence have led to layoffs at the company. He identified "compute and infrastructure" and "people oriented things" as the primary factors driving these expenses.

  metaai-investmentsinfrastructure-costs