AI is the leading reason companies have cited for job cuts so far this year—and the tech industry is the biggest culprit.

June 22 : Oracle's total workforce declined 13 per cent, or about 21,000 employees in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven…

Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Read more at straitstimes.com. Read more at straitstimes.com.