Oracle Reportedly Begins Cutting Thousands Of Jobs Amid Big AI Spending Push.
- Oracle (ORCL) has reportedly begun telling thousands of employees that their roles have been eliminated, following through on workforce reorganization plans first revealed earlier this month
- The cuts come as the tech giant is spending tens of billions on AI cloud infrastructure, with concerns about those casts dragging down Oracle stock
- Thousands of employees were informed of layoffs through an…
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