The job reaper of AI has visited many a home in the past year alone, and this time it's knocking at Larry Ellison's door. According to a Bloomberg report citing inside sources, the database and cloud service giant is preparing to fire thousands of people across multiple divisions.
These layoff plans are still private, but Bloomberg's sources expect they'll happen this calendar month. As for a reason for the cuts, two informants said they'll happen in job categories that Oracle expects to effectively backfill with AI. This new wave of cuts is also reportedly not within the scope of the firm's usual layoff cycle.
