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Oracle plans thousands of job cuts amid rising data center costs
Bloomberg News reports that Oracle is planning to cut thousands of jobs as the company faces increasing data center costs.
5 Mar, 18:18 — 5 Mar, 18:30
Moderate (32/100)
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First report: channel-news-asia · 5 Mar, 18:18|Full coverage: All 2 sources within 12m|Window: 12m
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zerohedge1d ago
Oracle Prepares To Axe Thousands Of Jobs In New Layoff Round
Oracle Prepares To Axe Thousands Of Jobs In New Layoff Round Shares of Oracle moved lower in New York shortly after lunchtime after Bloomberg News reported that the company is preparing to lay off thousands of workers as it spends aggressively on AI data center buildouts. The timing is not ideal: credit markets are starting to crack, concerns about Blue Owl are mounting, and the data center CapEx boom is looking increasingly frothy. The planned cuts will affect divisions acr...
By Tyler Durden
Read full article →channel-news-asia1d ago
