Oracle is cutting roughly 500 jobs in Romania, a year after a similar local round, as its global AI-driven restructuring continues.
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.
The company stated it is adapting its business model to meet evolving technology demands and the growing use of AI.
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 ...
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