Originally reported bytheverge
The prominent cloud technology giant, Oracle, has initiated the process of notifying its workforce about impending reductions, which sources familiar with the matter have disclosed to CNBC are expected to number in the thousands. These significant layoffs emerge as Oracle, which reported employing 162,000 individuals as of May 2025, concurrently plans to secure between $45 billion and $50 billion this year to fund its substantial AI infrastructure expansion.
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