Oracle's Headcount Fell by 21,000 as AI Reshapes Its Business. Here's What It Means for the Stock.

"The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in ...
The Next Web

Oracle cut 21,000 jobs this year and its SEC filing explicitly blames AI

Oracle shed 13% of its workforce while spending $55.7 billion on data centres. Its SEC filing explicitly cites AI adoption as the cause of job losses.

Oracle cut 21,000 jobs over past year as AI adoption reshaped operations

Oracle (ORCL) reduced its workforce by about 21,000 employees over the past year as part of a restructuring effort aimed at improving operational efficiency and integrating artificial intelligence ...
techtimes

Oracle Q4 Earnings Land June 10: Record $553 Billion AI Backlog Faces Its First Conversion Test

REDWOOD SHORES, CALIFORNIA - JUNE 13: A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California. Oracle reported fourth-quarter earnings with revenue of $11.8 ...