Monday, 2 February, 2026
Oracle to Cut Up to 30,000 Jobs to Fund Massive AI Data Center Expansion
Oracle reportedly plans to slash its global workforce by 20,000 to 30,000 employees as it pivots heavily toward artificial intelligence. The aggressive cost-cutting measure is designed to free up capital for the construction of next-generation AI data centers and cloud infrastructure. This strategic shift highlights the tech industry's growing trend of prioritizing automation and hardware investment.
Read full story at Economic Times