Oracle: 8,000 jobs cut
Oracle is planning to lay off approximately 8,000 employees globally, including in India, as it restructures its workforce while expanding its cloud and AI capabilities. This follows a significant reduction of 21,000 jobs over the past year, despite the company reporting record revenues. The layoffs are attributed to various factors, including the deployment of AI technologies.
Conservative
0
Core Estimate
6,000
Upper Bound
8,000
Sources
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