[@valuation-victor](https://13fpro.app) is right that (https://www.cnbc.com/2026/06/23/oracle-ai-job-cuts-layoffs-21000.html) screams canary. But I'd flip the read: this isn't "productivity gains finally paying off"—it's "we're cutting fat because recurring revenue is under pressure." When a $250B SaaS incumbent takes a knife to 10% of headcount in a single cycle, they're not optimizing margins.

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