Oracle and others announce layoffs as tech industry shifts

Lots of tech companies like Oracle and Microsoft are laying off workers.

They're doing this to change the kind of work they do, focusing more on things like Artificial Intelligence (AI) and cloud computing.

Many companies hired a lot of people during the pandemic, but now they're restructuring.

Oracle alone is said to have laid off thousands of employees worldwide, with significant cuts in many countries.

These companies are investing huge amounts of money in AI, and that means some jobs aren't needed anymore.

This makes things uncertain for people who work in tech as the industry changes quickly.