Oracle reportedly undergoing round of layoffs
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The cuts come as the software giant invests billions of dollars in expanding its artificial intelligence infrastructure.
Oracle plans to cut thousands of jobs which will free up cash flow as the company aggressively invests in its AI data center buildout.
It’s unclear exactly how many employees lost their jobs, with reports ranging from 10,000 to 30,000. The latter would represent almost 19% of the company’s 162,000 workers.
Oracle cuts thousands of jobs as investor concerns grow over its $500 billion AI data center push, raising questions about risk, strategy, and long-term returns.
Oracle operates some of the best AI data centers in the world, but its business faces headwinds.
Here’s why Oracle partners say the layoffs at the enterprise cloud software powerhouse spells big opportunity for the channel.
Oracle's layoffs affect more than 230 software developers and an additional 48 software development employees in Washington and include workers in senior director and vice president roles.
As part of a nationwide wave of Oracle layoffs that will affect thousands, 539 Oracle Cerner employees will lose their jobs in Kansas City. Those positions are at the Innovations Campus, which at one time envisioned holding as many as 16,000 employees.