business ๐ค Oracle's AI push vs. layoffs debate
Oracle's CFO, Hilary Maxson, pushed back against the idea of 'doing more with less' during a recent all-hands meeting. This came after Oracle cut around 21,000 jobs, or 13%, in the fiscal year ending May 31, 2026. The company is aggressively investing in AI infrastructure, reporting $28.5 billion in first-quarter capital expenditure. Maxson suggested eliminating low-value processes instead of burdening remaining staff with extra work. The future hinges on whether Oracle can balance massive AI spending with cost control. ๐ค