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    dailyadda

    Oracle may layoff up to 30,000; one of the reasons is firm's 'commitment'

    1 day ago

    Oracle faces potential job cuts of 20,000-30,000 to fund its massive $156 billion OpenAI partnership. The company has already incurred significant debt for data centers, and rising borrowing costs are stalling projects. OpenAI is reportedly shifting some capacity to Microsoft and Amazon, raising concerns about Oracle's delivery capabilities.
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