Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres

Oracle Layoffs: Tech major Oracle is planning to slash up to 30,000 jobs to fund AI data centres, a new report has said.

According to a report by CIO citing a research report by investment bank TD Cowen, Oracle will also be selling some of its activities as US banks pull back from investing in the company’s AI data centre expansion.