Saturday, 7 March, 2026
Oracle Plans Thousands of Job Cuts Amid Soaring AI Data Center Costs
By TechShots Studio
Oracle is reportedly preparing to lay off thousands of employees as the company struggles to manage the intense financial pressure of its massive AI data center expansion. Following heavy investments to support major partnerships with OpenAI, xAI, and Meta, the cloud giant is looking to trim costs in divisions expected to shrink due to AI automation.
Read full story at Economic Times