New Delhi, June 23 (IANS) Oracle Corp. — a global technology company that reduced its workforce by around 21,000 employees over the past 12 months — has acknowledged that the adoption of artificial intelligence (AI) technologies contributed to some of the job cuts.In its annual financial regulatory filing, the company has said its global workforce stood at 141,000 full-time employees as of May 31, down from 162,000 a year earlier.“The adoption and deployment of AI technologies across our ope…
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Mumbai, Feb 2 (IANS) US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance expansion of its AI data‑centre capacity, a new report has claimed.The report from CIO, citing an investment bank TD Cowen, said the company cut about 10,000 jobs in late 2025 as part of a $1.6 billion restructuring plan. The total potential layoffs would be the largest in Oracle’s recent history, while TD Cowen estimated the proposed job reductions could free u…