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Bloomberg Money Minute | Oracle AI Layoffs and Market Crash
Posted
June 23, 2026
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June 23, 2026
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1:01Now PlayingOracle has eliminated roughly 21,000 jobs over the past year to offset massive data center costs and pivot toward AI automation. This workforce reduction comes as plummeting tech stocks lead heavy morning losses across the broader stock market. Meanwhile, Bed Bath and Beyond is reviving its expired blue coupons at Container Store locations through July 13th for a $100,000 home renovation giveaway.
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