Tech giant Oracle makes 'significant' job cuts
It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.
Coverage by Political Leaning
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Notable Quotes
"senior engineers, architects, operations leaders, program managers, and technical specialists had been let go."
— Michael Shepherd , Executive
"The use of AI coding tools inside Oracle is enabling smaller engineering teams to deliver more complete solutions to our customers more quickly."
— Mike Silicia , Executive
"Investing in AI infrastructure is capital-intensive, but our operating model is optimized to ensure profitability."
— Clayton Magouyrk , Executive
"demand for AI infrastructure continues to exceed supply"
— Clay Magouyrk , Executive
"Today, Oracle conducted a significant reduction in force that impacted some of the most talented, dedicated, and high-performing people I’ve had the privilege of working alongside."
— Michael Shepherd , Executive
"Today, Oracle conducted a significant reduction in force that impacted some of the most talented, dedicated, and high-performing people I’ve had the privilege of working alongside."
— Michael Shepherd , Executive
"Many of the absolute best colleagues were laid off as well."
— Micheal Shepherd , Executive
"The use of AI coding tools inside Oracle is enabling smaller engineering teams to deliver more complete solutions to our customers more quickly."
— Mike Sicilia , Executive
"Nobody is in business to run ERP. The more we can save them on the ERP side, the more they invest in what they do."
— Steve Miranda , Executive
"When AI replaces employees, an organisation has a vetted, proven and deployed AI solution that can do the job of the employees who lost their jobs."
— JP Gownder , Academic
"bringing on enormous amounts of capacity over the next 24 months"
— Larry Ellison , Executive
"the use of AI coding tools inside Oracle is enabling smaller engineering teams to deliver more complete solutions to our customers more quickly"
— Mike Sicilia , Executive
"at least US$600m in US infrastructure, including funding for new data centres"
— Mark Zuckerberg , Executive
"It would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas"
— Mike Cannon Brookes , Executive
Key People
Co-CEO of Oracle Corp.
Clayton Magouyrk is a co-chief executive of Oracle.
U.S. Representative and Secretary of the Department of Veterans Affairs.
Jack Dorsey is a technology entrepreneur and co-founder of Twitter and Block.
A reporter providing insight into Oracle's job cuts and the tech industry.
Principal analyst at Forrester.
Kendall Levin is a former Oracle employee who experienced a role elimination during the layoffs.
Larry Ellison is the co-founder and Chairman of Oracle Corporation.
Mark Zuckerberg is the founder of Meta, the company formerly known as Facebook.
U.S. Representative from Washington.
Michael Shepherd is a senior manager at Oracle.
AI operations lead at Oracle Cloud Infrastructure.
CEO of Atlassian.
Co-CEO of Oracle.
Mike Silicia is a co-chief executive of Oracle.
A reporter covering Oracle's layoffs and other business news.
Oracle Corporation is a multinational computer technology corporation.
Executive at Oracle involved in discussions on AI in business.
Tags
All Coverage
It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.
Oracle is cutting thousands of jobs while simultaneously ramping up capital expenditures for AI data center infrastructure, marking a significant shift in its business strategy.
Oracle is laying off thousands of employees as it increases spending on artificial intelligence infrastructure to better compete with rivals, according to CNBC.
Oracle Corp. has initiated a global layoff affecting thousands of employees to reallocate resources toward artificial intelligence infrastructure development.
Oracle has laid off employees globally as part of its cost-cutting measures, with the full extent of the layoffs yet to be determined.
Oracle is laying off thousands of employees as it ramps up spending on AI data centers, according to reports from CNBC.
Oracle is laying off thousands of employees amid its aggressive push to ramp up spending on artificial intelligence infrastructure to better compete with rivals.
Oracle has begun sending layoff notifications to employees across various business units, including Oracle Health and AI. The company is refocusing resources toward artificial intelligence and data center investments.
Oracle has started laying off employees across its global offices, with staff in the U.S., India, and other regions receiving termination emails as early as 6 a.m. EST on Tuesday. The layoffs are part of a broader organizational change.
Reports suggest that Oracle has carried out layoffs in India, with employees allegedly locked out of systems and receiving termination emails early Tuesday morning. The layoffs are part of a global restructuring effort.
Oracle has reportedly begun significant layoffs, with estimates of around 10,000 job cuts across various divisions. This aligns with the company's strategic shift towards artificial intelligence and data center investments.
Oracle is reportedly laying off approximately 10,000 employees, including senior engineers and program managers, as part of a broader corporate restructuring amid its AI investments.
Oracle is reportedly laying off thousands of employees, affecting roles in software engineering and product compliance, as part of a global restructuring to fund AI infrastructure and data center expansion.
Oracle has cut around 10,000 jobs in India, representing 20% of its workforce in the country, as part of a global restructuring affecting 30,000 employees.
Oracle is reportedly laying off thousands of employees as it increases spending on AI infrastructure and data center capacity, reshaping workforce needs across the sector.
Oracle has reportedly laid off approximately 30,000 employees globally, with workers learning of their terminations through a single email sent at 6 a.m. Eastern Standard Time. The abrupt message signaled the immediate end of their careers at the company.
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