Oracle To Cut Over 20,000 Jobs: Is AI Hitting Senior Employees First? - NDTV
Oracle has announced global job cuts affecting between 20,000 and 30,000 employees, according to NDTV. The layoffs appear concentrated among long-serving senior staff members as the company shifts resources toward artificial intelligence initiatives. Reports note the cuts follow Oracle's struggles integrating the $28 billion Cerner acquisition and its desire to modernize internal operations via cloud/AI investments.
The numbers come from anonymous sources as no formal regulatory filing from Oracle explicitly confirms the figure. A spokesperson described the company pursuing "operational transformation to accelerate AI-centric strategy," matching similar restructuring moves seen at competitors including Meta, Microsoft and Salesforce. NDTV underscores that executives characterize the outcome hopefully for segment markets likely adding expedient substitute high-level salary.
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