Oracle: 30,000 jobs cut
Oracle announced the layoff of approximately 30,000 employees globally as part of efforts to manage a cash crunch linked to significant investments in AI data centers. The company, which had over 160,000 employees, has not officially commented on the cuts, but reports indicate that many roles were deemed less necessary due to AI advancements.
Conservative
0
Core Estimate
22,500
Upper Bound
30,000
Sources
Will AI replace me? Huge swathes of job cuts in tech spark concern
Will AI replace me? Huge swathes of job cuts in tech spark concern What is it like to be a techie in India at a time of AI-linked job losses, governments focused on wooing data centre investments, and a future that looks more uncertain than ever before? Date: When Akanksha woke up in her flat in Bengaluru around 7 am on March 31, the first thing she did was check her email. This had become a routine ever since the 24-year-old, who requested that only her first name be used, started working wi