Oracle Cuts Over 10,000 Jobs Amid Massive AI Investment Shift

Oracle has laid off more than 10,000 employees across multiple divisions as part of its strategic shift to invest heavily in AI infrastructure, which analysts say could impact profitability until 2030. Despite posting a $6 billion quarterly profit, the company is reallocating resources to further AI development, reflecting a broader industry trend of balancing growth with cost-cutting. Next, Oracle's leadership will likely clarify the long-term benefits of AI investments and how they plan to manage the workforce transition.