Oracle Corporation plans to cut approximately 30,000 jobs globally, significantly impacting its workforce in India, to redirect resources for its expanding artificial intelligence infrastructure. This radical move comes amid increasing demand for cloud services and a massive backlog of orders exceeding $500 billion, all while the company faces a looming debt nearing $100 billion and projected free cash flow deficits of up to $20 billion in the coming years. Despite recent stock fluctuations due to disappointing quarterly results, there is speculation about potential recovery driven by major client investments like OpenAI.
“Inference runs on a mix of those plus some AMD on OCI for efficiency.”
“Oracle Layoffs: Indians Worst Hit As Cloud Computing Firm Cuts Around 30,000 Jobs | @JoshBarnesNews tells you more.”
“Oracle Layoffs: Indians Worst Hit As Cloud Computing Firm Cuts Around 30,000 Jobs”
“Oracle Layoffs: Indians Worst Hit As Cloud Computing Firm Cuts Around 30,000 Jobs”
“Oracle Layoffs: Indians Worst Hit As Cloud Computing Firm Cuts Around 30,000 Jobs”
“🟢 $ORCL – Long vs 148 (initial low) 👉 Lose 148 → look for 146 flush 👉 Watching for momentum off 140 bottom”
“Oracle stock rises in premarket on plans to cut thousands of jobs.”
“Oracle stock rises in premarket on plans to cut thousands of jobs”
“Oracle stock rises in premarket on plans to cut thousands of jobs https://t.co/SG9keBUzHM”
“ビジネス・インサイダーによると、オラクル（ORCL）はAIインフラの拡充を支えるためのコスト削減を目的として従業員の解雇を開始です。解雇される従業員の具体的な人数は公表されていないものの、その影響は世界中のオラクル従業員に及ぶとみられています。”
“Around 12,000 employees in India are now part of a massive global layoff by Oracle Corporation, which has reportedly cut nearly 30,000 jobs worldwide.”
“And what’s more concerning — another round of layoffs may be just weeks away.”
