Oracle: 30,000 jobs cut
Oracle announced the layoff of approximately 30,000 employees globally as part of efforts to manage a cash crunch linked to significant investments in AI data centers. The company, which had over 160,000 employees, has not officially commented on the cuts, but reports indicate that many roles were deemed less necessary due to AI advancements.
Conservative
0
Core Estimate
22,500
Upper Bound
30,000
Sources
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