Now we know how much Oracle shrank its staff in the past year — and how much it cost

Tech Insider : Business
Oracle logo
Oracle has been finding ways to cut costs as it builds out AI infrastructure.

NYSE

Companies laying off staff this year include Meta, Amazon, and Groupon — see the list

Tech Insider : Business, Crypto, Technology
Oracle signage near the company's offices in Redwood City, California, US.
Oracle's workforce shrank by roughly 21,000 employees, or 13%, over the past year.

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16 companies that have said they're doing AI-related layoffs

Tech Insider : Business, Crypto, Technology
Jack Dorsey, Marc Benioff, Arvind Krishna
Block CEO Jack Dorsey, Salesforce CEO Marc Benioff, IBM CEO Arvind Krishna (left to right).

Joe Raedle/Getty Images, AP Photo/Markus Schreiber, Sajjad Hussain/Getty Images

Before Lucid axed his role and downsized, the COO told us about the company's robotaxi bet

Tech Insider : Business
Marc Winterhoff stands next to a Lucid Gravity robotaxi.
Lucid ex-COO Marc Winterhoff said the company's partnership with Uber and Nuro was meant to deliver robotaxis fast and with capital discipline.

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Lucid's goal to 'simplify' the company includes 18% layoffs — and eliminating the COO role entirely

Tech Insider : Business
A Silver Lucid Gravity drives down a two-lane road past a wooded area.
Lucid said it's cutting a production shift to align "production plans with anticipated demand." Its COO is out, too — and won't be replaced.

Lucid Motors

Jeff Bezos says AI could create a labor shortage, not mass unemployment

Tech Insider : Business, Technology, Travel
Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)
Jeff Bezos said AI will create more job opportunities, not eliminate them, at VivaTech in Paris.

JULIEN DE ROSA / AFP via Getty Images

Meta's CTO says morale is almost 'the worst it's ever been'

Tech Insider : Business, Technology, Travel
Meta CTO Andrew Bosworth.
Meta CTO Andrew Bosworth.

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Rivian trims its workforce as the EV maker pursues profitable growth

Tech Insider : Business
RJ Scaringe, Rivian's CEO, looks at the EV-maker's Illinois production line, where the midsize R2 is built.
Rivian confirmed to Business Insider that it's cutting some sales and marketing staff as it aims for profitability.

Scott Olson/Getty Images

The subtext of Robinhood's layoff memo: It's not us, it's you

Tech Insider : Business, Crypto, Technology
Vlad Tenev
In announcing layoffs, Robinhood CEO Vlad Tenev said the company must "continuously raise our own bar."

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Robinhood layoffs will cut 10% as part of an org chart 'flattening.' Read the CEO's memo.

Tech Insider : Business
Robinhood CEO Vlad Tenev in front of a step-and-repeat.
Robinhood is cutting 10% of its staff amid an organizational "flattening."

Taylor Hill/FilmMagic

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