Oracle admits it has cut 21,000 jobs, admits “the deployment of AI technologies across our operations has resulted and may continue to result in reductions in our workforce”
Oracle now has about 141,000 employees, down from 162,000 in 12 months The company spent $1.84 billion in severance and related costs last year Billions to be raised using new debt and equity to finance AI plans Despite recently confirming record revenue of $67.4 billion in the just-ended fiscal year, up 17%, Oracle has laid […]








