Oracle cutting thousands in latest layoff round as company continues to ramp AI spending (opens in new tab)

Covered by 4 sources including Gizmodo, The Globe and MailDiscussed on Hacker News, Hacker News, r/wallstreetbets, and DEV

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.

Read the original article

Sign in to keep reading the full article.

Covered in 4 articles

Oracle Upsets the Market With Even More AI Spending and Debt Issuance

The Globe and Mail

·

Is AI to blame for job cuts, especially in the entry level? Experts say it is more of a scapegoat

forbes.com.au·

Tech industry loses 123,000 jobs this year—AI is the most cited reason for layoffs

Discussed on r/Economics