Oracle layoffs: Oracle cuts cloud division jobs amid surge in AI spending

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Layoffs in Oracle: Oracle is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on AI infrastructure.

Impacted workers were told this week that their roles were eliminated, according to people familiar with the matter. Some of the reductions were related to performance issues, and the unit continues to hire, two of the people said.

More than 150 jobs were cut in the Seattle area, which is traditionally the unit’s hub, according to two people familiar with the figures. Oracle said last…



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Oracle layoffs: Oracle cuts cloud division jobs amid surge in AI spending



Layoffs in Oracle: Oracle is cutting jobs in its closely watched cloud unit, the latest company taking steps to control costs amid heavy spending on AI infrastructure.

Impacted workers were told this week that their roles were eliminated, according to people familiar with the matter. Some of the reductions were related to performance issues, and the unit continues to hire, two of the people said.

More than 150 jobs were cut in the Seattle area, which is traditionally the unit’s hub, according to two people familiar with the figures. Oracle said last…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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