BlockBeats News, March 9th, according to Bloomberg, Oracle Corp. plans to lay off thousands of employees as part of its efforts to address financial strain from building out large-scale artificial intelligence data centers.
According to sources familiar with the matter, the layoffs will affect multiple departments within the company and could begin as early as this month. As the plans are still internal information, the sources requested anonymity.
Two of the sources said some of the layoffs will focus on job categories the company anticipates will see reduced demand in the future, partly because artificial intelligence applications will replace some job functions.
