Oracle Set for Major Job Cuts

American technology giant Oracle is reportedly preparing for large-scale job cuts worldwide. The company is considering the move to reduce costs and balance the rising expenditure on cloud and artificial intelligence infrastructure. Hundreds of employees in India could also be affected. Oracle management has reportedly asked various teams to explore ways to reduce their expenses.

According to internal company discussions, an estimated 7,000 to 10,000 employees could be affected globally. The job cuts are expected to impact multiple divisions rather than being limited to a single business segment. However, Oracle has not yet officially confirmed the reported number of employees likely to be affected.