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Oracle slashes 21,000 jobs amid AI embrace as tech sell-off rocks Asia
Software giant Oracle axed around 21,000 roles in the last year as the US tech giant turbocharged its AI adoption plans – even as markets continue to question the rapid acceleration of the tech boom.The computing firm – which is listed on the New York Stock Exchange – said in its annual report the “deployment [...]
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channelnewsasia.com
Oracle workforce shrinks by about 21,000 employees amid AI adoption
June 22 : Oracle's total workforce declined 13 per cent, or about 21,000 employees in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven…
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straitstimes.com
Oracle cut 21,000 jobs in 12 months, says AI replaced some roles
Oracle is under financial pressure because of an expensive build-out of AI data centres for customers such as OpenAI. Read more at straitstimes.com. Read more at straitstimes.com.
