Oracle's AI Push: Massive Layoffs & Investment

0:00It's March 31st. This is Global News Today, AI-powered stories shaping the world. I'm Cory with the story. Oracle just dropped some heavy layoffs this week, cutting jobs across senior engineers, architects, and managers. These weren't tied to performance issues, insider say, but part of a big push into artificial intelligence. The tech giants betting hard on AI to streamline operations. Doctors like CO, Mike Celicia, have been hyping how AI tools let smaller teams crank out better work, faster, from coding to sales leads and even, rebuilding their website, oracles not alone, leaders in meta and block echo the same vibe, trimming staff while ramping up AI. Employees hit social media hard, with dozens posting on LinkedIn about early morning emails and one month of severance. One source pegged it at around 10,000 jobs gone, based on a drop in active slack users. Even laid off folks like Kenda Levin, still back the company's direction.

1:01Meanwhile, oracles pouring cash into AI infrastructure, planning at least $50 billion this year, and raising another $50 billion in debt. Their key players in the $500 billion Stargate project, with open AI and others, to build massive data centers. This mix of cuts and AI bets shows how tech's reshaping workforces, with Oracle aiming to stay ahead in the database and cloud game, no matter the cost.