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Oracle is laying off a significant number of workers as it invests heavily in artificial intelligence infrastructure. The company, which employed around 162,000 people globally as of late May, is cutting jobs across various departments. Employees in the U.S. and India have reported receiving emails from leadership informing them of their termination, often with little warning. Some internal estimates suggest that thousands of positions have already been eliminated.
Analysts from TD Cowen have predicted that Oracle may ultimately cut up to 30,000 jobs as part of a broader strategy to finance its AI initiatives. The layoffs appear to be part of a shift in Oracle's business focus, particularly as it builds costly data centers to support AI development. While the full extent of the layoffs is still unclear, the company’s actions reflect a trend in the tech industry, where many firms are reassessing their workforce in light of new technological demands.
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