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Oracle Cuts 21,000 Jobs As Workforce Shrinks 13%, Severance Package Sparks Backlash | N18S

YouTubeCNN-News18

Oracle Cuts 21,000 Jobs As Workforce Shrinks 13%, Severance Package Sparks Backlash | N18S

Oracle has reportedly cut around 21,000 jobs, shrinking its workforce by nearly 13% amid restructuring, rising AI investments and cloud expansion. The scale of the layoffs has triggered backlash, especially over severance terms and concerns about how major tech companies are managing workforce transitions during the AI boom. The development ...

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Oracle shares plunge as soaring AI spending rattles investors

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