US EditionOracle Cuts Thousands of Jobs, Prompting Questions About Austin's Tech Economy
12 Articles
12 Articles
The US data specialist Oracle removes nearly 12,000 jobs out of the 162,000 in the box. Objective: to focus more on the development of AI.
Oracle Cuts Thousands Of Jobs Amid AI Spending Push
Oracle has begun laying off thousands of employees as it shifts resources toward artificial intelligence investments, according to CNBC. The job cuts come amid investor concerns over rising debt and declining cash flow tied to the company’s aggressive AI expansion. The report said Oracle’s stock has fallen 25 percent this year, reflecting market unease about competition from generative AI and the company’s heavy spending on data centers. Oracle …
The elimination of these jobs was already advanced by internal sources of the company several weeks ago and could be destined to address the lack of liquidity due to investments in AI.
In its annual results, the technological giant raised 66% its expenses in the segment of the Ángel Escribano cloud plans to resign this afternoon as president of Indra
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