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The Guardian - UK

Technology

Dan Milmo and agency

US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Oracle United States Larry Ellison

The Oracle field office in Arlington, Virginia, US, behind road signs and traffic lights — The $420bn company Oracle began making staff redundant on Tuesday. Photograph: Tom Brenner/Reuters

Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.

The $420bn (£315bn) company, which is headquartered in Austin, Texas, started making employees redundant on Tuesday, with thousands of its 162,000-strong workforce expected to leave.

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