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23.06.26 - 16:06
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Did Oracle Need To Fire 21,000 Because It Is In Trouble? (24/7 Wall St.)
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Badly damaged tech company Oracle (NASDAQ: ORCL) fired 21,000 people. It said they were being replaced by AI. It is 13% of the company's total workforce. Oracle took a charge of $1.84 billion. In its 10K, the company explained “… improve operational efficiencies, including through the adoption and integration of AI technologies…” But is that ... Did Oracle Need To Fire 21,000 Because It Is In Trouble?...
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23.06.26 - 15:27
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Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs (ZeroHedge)
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Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs
Oracle disclosed in a Form 10-K filing that it reduced its workforce by 21,000 employees over the past year as it automates white-collar jobs and frees up cash to splurge on AI infrastructure buildouts.
"Our periodic workforce restructurings and reorganizations can be disruptive," Oracle said in the annual financial regulatory publsihed on Monday, adding, "We have an existing restructuring plan in place under which we have made, and will continue to make, adjustments to our workforce in response to management changes, product changes, performance issues, changes in strategies, acquisitions and other internal and external considerations."
It noted, "We may initiate new restructuring plans in the future. In addition, the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce."
The filing detailed h...
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23.06.26 - 15:06
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Yunara Life Debuts Hybrid App and NYC Flagship, Launching the Future of Preventive Healthcare, Where Healthy Habits Earn Massages, Botox, Facials, and Wellness Rewards (PR Newswire)
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Powered by a leadership team and advisory board with experience across One Medical, CityMD, Columbia University, Oracle, and e.l.f. Beauty, Yunara Life merges clinical care, cutting-edge technology, and the psychology of rewards to redefine how people engage with their long-term health.......
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23.06.26 - 12:18
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Oracle Slashed 21,000 in 12 Months as AI Replaces Some Roles (Bloomberg)
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Oracle Corp. reduced its workforce by a wider scale than previously known, cutting 21,000 employees in the past 12 months. The reductions include jobs that were eliminated by the use of artificial intelligence. Neil Campling reports on Bloomberg Television. (Source: Bloomberg)...
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