Oracle Cut 21,000 Jobs as Big Tech’s $600B AI Buildout Grinds On

US tech groups have cut 140,000 jobs despite a massive AI spending boom reshaping Silicon Valley. Oracle specifically eliminated 21,000 positions, representing 13% of its workforce, as a $600B AI infrastructure buildout strains cash flows across Big Tech. While the wider US jobs market remains steady, these significant workforce reductions persist alongside the ongoing investment spree. The industry is balancing aggressive AI growth with strategic cuts to manage the financial impact of infrastructure costs.