Oracle Just Fired 21,000 People. The Reason Should Terrify Every Tech Worker.
Oracle’s massive AI infrastructure bet didn’t fail because the technology was broken. It backfired because regulators demanded $7 billion in collateral, forcing the company to cut 21,000 jobs to cover the cost. This isn’t AI replacing workers β it’s AI devouring the companies that employ them. The real threat to your job isn’t a chatbot. It’s your CEO’s AI budget.