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Oracle cuts 21,000 jobs amid AI shift
Oracle reduced approximately 21,000 jobs globally over the past year as it shifts its focus toward artificial intelligence, according to its latest annual report. The company’s workforce decreased from around 162,000 to 141,000 employees, with layoffs attributed to AI deployment and restructuring efforts. These cuts resulted in $1.8 billion in severance and restructuring costs, reflecting broader industry trends of significant tech layoffs amid increased AI investment.
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