Oracle plans to cut thousands of jobs to cope with financial pressure from AI expansion.
BlockBeats News, March 9, according to Bloomberg, Oracle Corp. plans to cut thousands of jobs as one of the measures to address financial pressures brought about by the large-scale construction of artificial intelligence data centers.
According to sources familiar with the matter, the layoffs will affect multiple departments within the company and could begin as early as this month. As the plans are still internal, these individuals requested anonymity.
Two of the sources indicated that some of the layoffs will focus on job categories where the company expects future demand to decrease, with one of the reasons being that the application of artificial intelligence will replace certain positions.
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