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Oracle Cuts Over 150 Cloud Jobs in Seattle Amid Heavy AI Data-Centre Investment
The cuts mirror cost-control measures across big tech: Microsoft has cut roughly 15,000 roles this year, while Amazon and Meta have also pared staff. For Oracle, the challenge will be balancing ongoing investment to capture AI demand with maintaining operational efficiency as it scales data-centre commitments.
Oracle cuts cloud division jobs amid surge in AI spending
More than 150 jobs were cut in the Seattle area, which is traditionally the unit’s hub, according to two people familiar with the figures. Oracle said last year it was moving its headquarters to Nashville, and the company currently has more jobs listed in Tennessee than any other state.
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Should Investors Hold or Fold Oracle Stock at a P/E Multiple of 36.7X?
Oracle ORCL stands at a critical juncture as its stock trades at a price-to-earnings multiple of 36.7 times, significantly ...
Notably, the new initiatives follow KPMG’s launch of Workbench, which is a global AI platform designed for interoperable ...
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