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US tech firm Oracle cuts thousands of jobs as it steps up AI spending

The Guardian Business April 1, 2026 · 10:20 am Read Original

Bullish 50.0

−100 Bearish 0 +100 Bullish

US tech firm Oracle cuts thousands of jobs as it steps up AI spending

Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay offOracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off.The $420bn (£315bn) company, which is headquartered in Austin, Texas, started making employees redundant on Tuesday, with thousands of its 162,000-strong workforce expected to leave. Continue reading...

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Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.

Source The Guardian Business

Published Apr 1, 2026 · 10:20 am

Article ID l7yg0ur

Original URL Open source

Bullish 50.0

−100Neutral+100

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