Oracle Slashes 21,000 Jobs as Tech Giant Warns of Further AI
Oracle has cut 21,000 jobs, slashing 13% of its global workforce, as it pivots aggressively to AI and cloud computing. The company is spending $1.84 billion on severance and restructuring, and plans $70 billion in capital expenditure funded by $40 billion in new debt and equity to build AI data cent
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Oracle has cut 21,000 jobs, slashing 13% of its global workforce, as it pivots aggressively to AI and cloud computing. The company is spending $1.84 billion on severance and restructuring, and plans $70 billion in capital expenditure funded by $40 billion in new debt and equity to build AI data cent
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