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Oracle Cuts 21,000 Jobs

Tech giant Oracle sheds 21,000 jobs in a year as AI replaces some roles

Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.

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Oracle Cuts 21,000 Jobs as It Rebuilds Around AI

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21,000 jobs gone in a year: Oracle becomes the latest tech giant to cut workers due to AI adoption

reports of a delayed OpenAI IPO are dragging down ORCL stock

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· 1d · on MSN

OpenAI IPO fears drag down Oracle and other tech stocks

The ChatGPT developer is inclined to delay its initial public offering until 2027, according to a report.

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OpenAI’s reported IPO delay is the latest complication for tech stocks

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OpenAI may delay IPO until next year: NYT

Fortune India · 1d

OpenAI may delay IPO plans to next year: Report

OpenAI could push its initial public offering (IPO) to next year instead of listing in 2026.

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OpenAI may delay public debut until 2027, targets $1 trillion valuation

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OpenAI IPO: ChatGPT maker considers delaying public issue to 2027, stresses on $1 trillion valuation, says report

Army Technology on MSN

Oracle Defence Ecosystem expands with 10 new technology partners

The Oracle Defense Ecosystem links Oracle’s cloud and AI to defence tech firms, aiming to speed secure innovation for national security.

4dOpinion

Did Oracle Need To Fire 21,000 Because It Is In Trouble?

Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company’s total workforce. Oracle took a charge of $1.84 billion. In its 10K,

24/7 Wall St.

Tech Compression Dragged Oracle Stock to $175, but Its Unbelievable $638 Billion AI Backlog Makes It an Automatic Buy

Oracle (NYSE:ORCL | ORCL Price Prediction) at $175 looks compelling on the data. The stock has been pulled into the broader software compression trade even as its Q4 report revealed a $638 billion AI backlog that locks in years of forward revenue.

Oracle layoffs: Tech giant cuts 21,000 jobs as AI investments reshape workforce

Oracle has cut around 21,000 jobs globally over the past year as the company continues to realign its business around artificial intelligence (AI), according to its latest annual report.

Oracle laid off 741 Seattle employees in one year. It’s blaming AI

Oracle said artificial intelligence caused some of its layoffs over the past year, along with the costs of its data center buildout.

4don MSN

Oracle layoffs: 21,000 jobs cut, software giant trades human talent for AI tech amid the SaaSpocalypse

Oracle has decreased its workforce by tens of thousands in the past year while spending $70 billion to fund its AI expansion. Oracle is spending big on artificial intelligence—to the tune of $70 billion this year alone—in order to build data centers and AI-capable servers.