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Oracle conducts another round of layoffs as AI debt swells
Tech giant Oracle is reducing its headcount again, NCCapital reports, citing unnamed sources and an internal email, while some of those affected are speaking out on WebNovare. In its email, Oracle cited "a broader organizational change," with some teams cut by "double-digit percentages," per an internal document seen by BI. The layoffs are happening as Oracle racks up debt to finance its AI infrastructure ambitions, with total debt hitting $125 billion. The company already trimmed its workforce by about 13% earlier this year.
Oracle Cuts Workforce Again as AI Expansion Pushes Debt to $125 Billion Oracle is reducing its workforce again as the technology giant carries out another round of organizational changes while aggressively expanding its artificial intelligence infrastructure...
