Oracle lays off employees as it curbs costs during AI buildout

Oracle started laying off employees on Tuesday, according to two affected workers and several social media posts. The cuts appear to have affected employees globally, but the full extent of the layoffs could not be immediately learned. Several people posted on LinkedIn on Tuesday to announce they had been impacted by the layoffs.An Oracle spokesperson declined to comment. The cuts come as Oracle seeks to curb costs. Earlier this month, Oracle executives told investors not to worry about its significant data ...