WASHINGTON, DC - FEBRUARY 03: Oracle co-founder, CTO and Executive Chairman Larry Ellison listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on February 03, 2025 in Washington, DC. After signing a series of executive orders and proclamations, Trump spoke to reporters about a range of topics including recent negotiations with Mexico on tarriffs. (Photo by Anna Moneymaker/Getty Images).
Oracle has just let go of "some 10,000" people, according to one employee who recently spoke to the BBC.
There's been some speculation lately over whether the AI industry is showing the first creaky signs of struggle, and this isn't likely to help that. Especially as Oracle is spending big to keep up with datacenter demand. Though it's also suggested tech firms are hoping AI will make up for any loss of workforce.
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