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Oracle Prepares for Layoffs and Restructuring Amid AI Efficiency Gains

Oracle is reportedly preparing for layoffs and has allocated an additional $500 million for restructuring costs, citing efficiencies gained from AI coding tools.

11 Mar, 23:15 — 11 Mar, 23:15
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FTVery High37d ago

Oracle prepares for lay-offs as it hails efficiencies from AI coding tools

Database group set aside an additional $500mn for restructuring costs

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