Oracle's AI Data Centers: 20K-30K Jobs Cut
Mesa News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oracles ambitious AI data center expansion plans are causing financial strain, leading to potential job cuts of 12-18% of its global workforce. The company is facing investor and bank concerns due to its negative cash flow and debt handling capabilities. The cuts aim to save $8-10 billion by replacing roles with AI.
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