Oracle Lays Off Thousands, Ramps Up AI Spending

American tech firm Oracle is letting go of thousands of its employees as the company ramps up its investment in AI to compete with other Big Tech companies like Amazon and Alphabet in the cloud computing segment.

According to a repo    rt by Reuters, Meta is planning to reduce its workforce by at least 20%. Job losses are happening at many other leading tech firms, and analysts will be watching how this trend plays out at companies like Microsoft Corp. (NASDAQ: MSFT) that traditionally have thousands of employees at the&

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