Oracle Lays Off 30,000 Employees to Ramp Up Investment in AI Technologies
Oracle has executed a massive workforce reduction, eliminating between 20,000 and 30,000 employees globally to free up cash flow for its aggressive artificial intelligence infrastructure investments. The layoffs, representing roughly 18% of its workforce, were communicated abruptly via email, highlighting the company’s urgent shift in financial strategy amid mounting debt. On Tuesday morning, up to […]
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