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Will AI Take My Job?

Oracle Layoffs Are Funding a $55.7 Billion Bet Every Competitor Is Also Making

Oracle cut about 21,000 roles, 13% of its workforce, in the same fiscal year it spent $55.7 billion building AI data centers, and Business Insider reports another round is planned before September 1. The capability that money buys will belong to every competitor, and the people it paid for will not come back.

August 13, 2026 · 5 min read
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Alex Goryachev

WSJ-bestselling author · Former Managing Director of Innovation, Cisco · Advisor, CSU AI Working Group · LinkedIn Top AI Voice