YahooAugust 8, 2026 at 11:38 AM NY27 days ago

AI is Hollowing Out Tech Sector Jobs: Oracle and Microsoft Help Push Layoff Rate to 20-Year High

Tech giants are pouring hundreds of billions into AI while quietly gutting the workforces that built them, and the labor data reveals a layoff rate that dwarfs anything seen during the 2008 financial crisis or the dot-com bust.

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ORCLOracle Corp157.64+ 2.33%

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