Salesforce and Oracle Announce AI-Driven Layoffs Amid Tech Sector Restructuring

Salesforce (CRM) and Oracle (ORCL) have initiated another round of layoffs, cutting hundreds of jobs across the U.S. and globally as part of a strategic pivot toward artificial intelligence. Salesforce plans to eliminate 262 positions in San Francisco and 93 in Seattle, effective early November, while Oracle has filed WARN notices for 254 roles in California and 101 in Washington. Both companies are reallocating resources to AI development—Salesforce for its Agentforce platform and Oracle for cloud and health infrastructure.

The tech sector's workforce reductions continue unabated, with AI efficiency cited as a key driver. Salesforce CEO Marc Benioff recently noted the company reduced its customer support team from 9,000 to 5,000 due to AI automation. Despite the cuts, ORCL and CRM stocks ROSE 3% and 2.5%, respectively, reflecting investor confidence in their AI transitions.