News Score: Score the News, Sort the News, Rewrite the Headlines

Oracle may slash up to 30,000 jobs to fund AI data-center expansion as US banks retreat

Oracle is considering workforce cuts and selling Cerner to alleviate financial pressure, warns investment bank TD Cowen. Oracle is considering cutting 20,000 to 30,000 jobs and selling some of its activities as US banks pull back from financing the company’s AI data-center expansion, according to investment bank TD Cowen. The job cuts would free up $8 billion to $10 billion in cash flow, TD Cowen said in a research report seen by CIO. Oracle is also weighing a sale of its health-care software un...

Read more at cio.com

© News Score  score the news, sort the news, rewrite the headlines