SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

Oracle plans new layoffs before September 1 amid major AI infrastructure push

0
·49 views

Oracle is preparing another round of layoffs this month, with managers instructed to identify employees for termination before the company's second fiscal quarter begins on September 1. Some teams are reportedly facing cuts in the double-digit percentage range. The move comes after a turbulent year in which Oracle eliminated approximately 21,000 jobs and spent $1.8 billion on restructuring efforts. During the same period, the tech giant invested $55.7 billion into AI data centre infrastructure, signalling a strategic shift in workforce and resource priorities.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaNDTV ·

US Congress Scrutinizes Trump and Jensen Huang Over National Security Concerns

US lawmakers have increased their scrutiny of President Trump and Nvidia co-founder Jensen Huang over national security issues. The reporting centers on Huang's acknowledgment on Sunday of an affair with Alice Huang, a former executive at Singapore-based data center company Megaspeed. The article states that the two are not related. The source text provided is brief, so the specific congressional actions and their stated reasons are not detailed here. The development adds to ongoing questions about the intersection of AI chip industry leaders and national security oversight.

0 comments Read more at NDTV
0
IndiaIndian Express ·

Kashmiri wedding chefs ban late-night meals after 10 pm

Wedding caterers in Kashmir have agreed to stop serving meals after 10 pm, a move aimed at curbing prolonged late-night feasts. The decision reflects a push by chefs to set firmer limits on how wedding celebrations are run. Details of how the restriction will be enforced were not available in the source text. The change is intended to bring more order and predictability to the region's wedding customs. The Indian Express reported the development.

0 comments Read more at Indian Express