Oracle Plans Thousands of Job Cuts to Counter AI Expansion Financial Pressure

BlockBeats News, March 9th, according to Bloomberg, Oracle Corp. plans to lay off several thousand employees as part of its measures to address financial strain from its large-scale construction of artificial intelligence data centers.

According to sources familiar with the matter, the layoffs will affect multiple departments within the company and could start as early as this month. As the related plans are still considered internal information, these sources requested anonymity.

Two of the sources stated that some layoffs will focus on job categories the company anticipates will see reduced demand in the future, with one of the reasons being the use of artificial intelligence replacing some roles.