Oracle Announces Major Job Cuts Amid AI Expansion
Oracle has begun a significant round of layoffs, affecting thousands of employees globally as the company shifts its focus toward artificial intelligence investments. Reports indicate that up to 30,000 jobs could be at risk, with notifications sent via email to employees as early as 6 a.m. Those impacted include staff across various sectors, including sales and health services. The move comes as Oracle intensifies its spending on AI infrastructure, a strategy that appears to have positively influenced its stock price. The layoffs, described by some as shocking, have raised concerns over the human cost of the company’s pivot to AI-based solutions.
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