Oracle is estimated to have laid off close to 30,000 employees globally, following a similar workforce reduction by Amazon and other big tech companies
At the heart of Oracle’s layoffs is an aggressive push toward artificial intelligence and cloud infrastructure and away from cloud applications
However, analysts argue that the current wave of layoffs is less about AI replacing jobs today and more about funding tomorrow’s capabilities
AI was supposed to change how we work, boosting efficiency and giving a fillip…

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