Oracle Corporation could cut between 20,000 and 30,000 jobs as the company expands its artificial intelligence infrastructure, according to a research report from investment bank TD Cowen. The potential layoffs would represent one of the largest workforce reductions in the company's history.
The research note said the cuts could free between £6.2 billion and £7.7 billion ($8 billion to $10 billion) in cash flow. The funds could be redirected toward the construction of new data centres and other infrastructure required to run large AI systems.
