AITechRadarabout 6 hours ago
Oracle confirms 21,000 job cuts, blames AI
2 min read
Oracle laid off 21,000 workers in the past year, reducing headcount from 162,000 to 141,000. The company spent $1.84 billion on severance and restructuring. AI deployment was cited as a factor. Despite record revenue of $67.4 billion, shares fell 15% amid concerns over $70 billion in planned AI-driven capex.
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