"Senior manager Michael Shepherd noted that the layoffs included 'senior engineers, architects, operations leaders, program managers, and technical specialists.' He emphasized that the 'significant reduction in force' was not based on performance, stating, 'The individuals affected were not let go because of anything they did or didn't do.'"
"Co-CEO Mike Silicia explained that AI coding tools enable Oracle to 'deliver more complete solutions to customers faster with smaller engineering teams,' linking the layoffs directly to the company's strategic shift towards AI."
Oracle conducted significant layoffs affecting approximately 10,000 employees, which were not performance-related. The company is reorganizing to support its aggressive AI expansion, which is expected to incur high costs. Employees reported receiving abrupt notifications of their job loss, often accompanied by one month's severance pay. The layoffs are justified by Oracle's leadership as a means to utilize AI tools for more efficient operations, allowing for smaller engineering teams to deliver solutions faster.
Read at Techzine Global
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