Salesforce and Oracle conducted layoffs affecting thousands of employees. The cuts are linked to AI-driven automation initiatives. Both companies are investing heavily in AI despite the workforce reductions.
Layoff Details
- Salesforce: Reduced staff in various departments to streamline operations.
- Oracle: Focused cuts on non-core areas while expanding AI projects.
The announcements reflect a broader trend in tech where AI adoption leads to efficiency gains but job losses. Affected employees are offered severance and transition support. Industry observers note this as part of the sector's shift towards automation.