Oracle Cuts Staff to Pay AI Debt
Oracle has initiated a fresh wave of layoffs as part of a significant organizational restructuring aimed at funding its massive AI infrastructure investments. Reports indicate that the company’s total debt has climbed to $125 billion, prompting a multi-billion dollar budget adjustment to manage these financial shifts. This move follows a prior reduction of approximately 13% of its global staff earlier in the year, as the firm prioritizes artificial intelligence integration over traditional headcounts. Impacted employees are currently utilizing social media platforms to share resources, offer…
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