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Bloomberg Technology·1 min read

Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch

Oracle to cut thousands of jobs amid AI expansion

Oracle Corp. plans to cut thousands of jobs due to a cash crunch linked to its massive AI data center expansion. The layoffs could start as soon as this month, impacting various divisions across the company.

These cuts reflect a shift in workforce needs as AI technology reduces the demand for certain roles. This move could reshape Oracle's operational landscape and affect employee morale significantly.

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Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch | Trace