Brief by Shorts91 Newsdesk / 06:32am on 01 Apr 2026,Wednesday International
Oracle Corporation has initiated a major wave of layoffs as part of a large-scale restructuring, with reports suggesting up to 30,000 employees could be affected globally. The move is aimed at cutting costs and reallocating resources toward aggressive investments in artificial intelligence and cloud infrastructure. The company, which had around 162,000 employees, is under financial pressure due to massive spending on AI data centres and related projects. Analysts estimate the layoffs could save billions in cash flow. The decision reflects a broader tech industry trend where companies are downsizing traditional roles while accelerating AI-driven growth strategies. (PC: Deccan Herald)
