AI isn't just trimming the workforce — it's gutting the entire white-collar economy. White-collar payrolls have now contracted for 29 months straight, a streak without precedent, and even elite MBA grads are struggling to find work. AI is destroying the social contract in real time, and the anger and despair that follow will make everything that came before look tame.
Oracle's mass layoffs aren't proof AI is replacing workers — they're evidence of a debt-laden company that overspent chasing the hype and now desperately needs cash. With no indication that AI is meaningfully displacing workers at scale, the real story behind this round of job losses is that Oracle is using AI as a convenient excuse to slash payrolls and cut costs.
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