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Sources: Oracle is planning to cut thousands of jobs as soon as March, among its moves to handle a cash crunch from a massive AI data center expansion effort

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort.

Bloomberg Brody Ford

Discussion

  • NewsMax.com NewsMax.com on x
    Oracle to Slash Thousands of Jobs Due to Costly AI Push
  • @thejobchick Amanda Goodall on x
    ORACLE LAYOFFS UPDATE: A few weeks ago I posted this: 👇 • mandatory weekly 1-on-1s • sudden 15-minute manager “catch-ups” • Employee Relations language ramping • EVP message: “learn AI on your own time” I said it looked like performance review standardization. Today:
  • @brodyford_ Brody Ford on x
    Larry Ellison's Oracle is spending big to build AI data centers for OpenAI and other customers. This has meant a crunch for cash over the next few years. [image]
  • @brodyford_ Brody Ford on x
    scoop: Oracle is planning thousands of layoffs as it spends big on data centers. some of the cuts will be aimed at roles they think AI could replace. $orcl https://www.bloomberg.com/...
  • @therealadamg @therealadamg on x
    Despite all the BS, I still strongly believe this.
  • @jessefelder Jesse Felder on bluesky
    ‘This week, Oracle announced internally that it would be reviewing many of the open job listings in its cloud division, effectively slowing down or freezing the hiring process, according to people with knowledge of the move.’ www.bloomberg.com/news/article...
  • @prietschka Paul Rietschka on bluesky
    Look for a 1/4-1/3 overall reduction in head count in tech over the next 2-5 years, perhaps as much as 1/2.  —  The total number of employees in tech today is the highest it will ever be; the future of tech employment is no tech employment.  —  If you're in the sector plan accord…
  • r/employeesOfOracle r on reddit
    Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch
  • r/wallstreetbets r on reddit
    Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch
  • r/technology r on reddit
    Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch
  • r/Layoffs r on reddit
    Oracle Layoffs