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Oracle to cut 21,000 jobs this year
Oracle Corporation reduced its workforce by approximately 21,000 jobs over the past year, due to its increasing reliance on artificial intelligence technologies. Its annual report stated that the total number of employees decreased to 141,000 by the end of May, compared to 162,000 the previous year, with restructuring costs amounting to $1.8 billion resulting from workforce reductions, amid substantial investments in data centers to serve key clients, including OpenAI.
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