Oracle Massively Lays Off Employees and Bets on AI

American technology company Oracle has begun mass layoffs: about 10,000 people have already lost their jobs, and this may be just the beginning.

Among those laid off are engineers, system architects, and experienced technical specialists

The reason is simple: the AI race requires colossal investments. Oracle plans large-scale projects, including collaboration with OpenAI and the construction of new data centers, which could cost hundreds of billions of dollars.