business π Oracle planning another wave of layoffs despite AI push
Oracle is reportedly gearing up for another round of job cuts this month as it invests heavily in AI and cloud infrastructure. This follows a major workforce reduction last year, where the company cut about 21,000 jobs globally. The cuts are happening as Oracle balances massive cloud expansion costs against operating expense control. The company is committing tens of billions to data centres, supporting major AI customers like OpenAI. This restructuring reflects a wider industry shift towards leaner teams amid huge AI spending.