Oracle believed to have cut 10,000 positions across multiple divisions as mass layoffs begin to fuel AI investments — company is reportedly reducing headcount to fund data centers

Oracle is believed to have cut around 10,000 positions across various divisions, with layoffs reportedly aimed at fueling investments in AI. The company is said to be reducing its workforce to allocate funds for data centers. Reports suggest that Oracle is focusing on AI and hardware investments, potentially leading to financial challenges until 2030. The trend of replacing employees with AI is growing, with other tech companies like ASML and EA also reducing headcounts. Concerns about AI-driven job disruptions are rising, with experts warning about the impact on the job market.