tech HumanWhy is Oracle Laying Off Thousands of Employees?Oracle is reportedly reducing its headcount by nearly 10,000, amid significant investments in building out its AI infrastructure11 hours ago
economy HumanOracle is reportedly laying off thousands of workers.The cloud giant has started notifying workers of the cuts, which are in the “thousands,” sources tell CNBC. Oracle reported employing 162,000 people as of May 2025, and has plans to raise between $45 and $50 billion this year for its AI infrastructure buildout.2 days ago