Oracle employees are heading toward a key date as the tech giant reportedly prepares another round of job cuts. Managers have reportedly been asked to identify positions that could be eliminated, with the changes expected before the company begins its second fiscal quarter on September 1.
Oracle has already cut about 21,000 jobs during its current fiscal year, reducing its workforce from roughly 162,000 to about 141,000 employees. The reported new cuts would come as the company continues to pour billions of dollars into artificial intelligence and cloud infrastructure.
