Oracle cuts 10,000 jobs to boost investment in AI infrastructure

Oracle, a US tech firm, cut about 10,000 jobs starting Tuesday as it increases investment in AI infrastructure. The Austin-based company, led by Larry Ellison, employs 160,000 people and has acknowledged job losses affecting employees across various technical roles. These cuts are part of a broader restructuring plan expected to cost up to $2.1 billion by 2026.

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Summary by Glance · Original reporting by The Guardian Australia – Business