Oracle to cut more jobs this month following 21,000 layoffs
According to a Business Insider report, Oracle is preparing for another wave of job cuts this month as it seeks to manage the high expenses associated with its artificial intelligence initiatives. Leadership has directed managers to identify staff members for potential layoffs, with some departments facing reductions in the double-digit range. Oracle previously revealed that its total headcount has decreased by 21,000 positions throughout the last year.
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