Austin-based Oracle has initiated another round of job cuts. These layoffs follow significant investments in expanding data centers for its artificial intelligence operations. Employees received notification of their termination via email or in person. The exact number of affected positions and their locations remain undisclosed. This action occurs despite a surge in Oracle's AI business and strong quarterly earnings.
Austin, Texas
https://www.kvue.com/article/money/business/oracle-another-round-layoffs/269-4e245df1-3422-4dff-b8a1-cad66e266c4a