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Oracle’s $10 Billion Bet On AI Sends Shares Down 57% And 30,000 Workers Out The Door
Oracle’s stock sinks 57% as the company cuts 30,000 jobs to fund a $10 billion AI push, raising concerns about cash flow, margins and future growth.
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forbes.com
Oracle Fires Thousands Of Employees
The company reportedly cited its “current business needs” in its decision.
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cnbc.com
Oracle cutting thousands in latest layoff round as company continues to ramp AI spending
Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
