AI & Jobs Oracle Cuts 21,000 Jobs While Building a $50B AI Bet
Oracle's annual filing disclosed a 13% workforce cut and named AI as a cause — while the company readies up to $50B to build the data centers replacing those workers.
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AI & Jobs Oracle's annual filing disclosed a 13% workforce cut and named AI as a cause — while the company readies up to $50B to build the data centers replacing those workers.
AI & Jobs On May 1, TIME's Andrew R. Chow published the inside story of Oracle's 30,000-person purge: 62% of survey respondents are over 40, 22% put in 15+ years, $300K RSU clawbacks landed on the day of back surgery, and Oracle's 4-week severance offer is one quarter of what Meta and Google paid the same week.
AI & Jobs Oracle posted $3.7 billion in quarterly profit, then pink-slipped 30,000 workers at dawn to fund AI data centers. Nothing says 'we value our people' like a pre-sunrise termination email from 'Oracle Leadership.'