Cloud computing company Oracle is laying off thousands of employees, CNBC reported on Tuesday, citing two people familiar with the matter. Ram Nabong reports. IOC president says ‘best interests of ath

Oracle reportedly cut thousands of jobs on March 31 to cut costs as its AI projects grow. Oracle stock rose 5% after the news.

It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.

Oracle, a tech giant formerly headquartered in Silicon Valley, is slashing thousands of jobs and plans to pour money into artificial intelligence, according to CNBC. It’s unclear which positions and locations will be part of the layoffs,

Oracle is reportedly moving forward with layoffs as the software giant looks to restructure its workforce amid an investment in building out AI infrastructure.

Oracle has reportedly cut jobs globally as it invests heavily in AI, with estimates suggesting thousands of roles could be affected.

From Oracle becoming the latest tech giant to lay off workers to a groundbreaking robot. Francis Maguire rounds up the latest stories from the AI revolution.

An estimated 30,000 employees were notified of their exit from the Bay Area software company via email at 6 a.m. on Tuesday morning.