The cost of progress: Oracle has not found funding for new data centers and may lay off up to 30,000 employees.
Oracle does not rule out the possibility of reducing its workforce by 20,000 to 30,000 employees and selling off parts of its divisions, as American banks have refused to finance the company's program to expand data centers for artificial intelligence systems. This information was reported by CIO based on details from investment bank TD Cowen. The large-scale workforce reduction would free up for Oracle […]
