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Oracle announces layoffs of 21,000 employees amid AI transition
2 sourcesFirst reported 28 days agoUpdated 28 days ago
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What all sources covered
- Oracle's workforce has decreased by 13% due to job cuts.
- The company spent $1.84 billion on severance related to these layoffs.
- Concerns rise over job losses in the tech sector caused by AI disruptions.
- Oracle aims to compete with major rivals but faces financial challenges.
2 sources
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Τα ΝέαFirst
Cyprus Mail+3h
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