Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Oracle Planning To Cut Thousands Of Jobs While Expanding AI And Cloud Infrastructure
(MENAFN- AsiaNet News)
It looks like Oracle Corporation is planning to cut thousands of jobs, and an announcement could come as early as this month. Reports are coming in that the US-based tech giant might soon start laying off employees. This move is said to be an attempt to control the company’s expenses. Oracle has been spending a lot on huge investments related to Artificial Intelligence (AI) and building new data centres.
Under the leadership of Oracle’s Chairman, Larry Ellison, the company has a plan to set up new data centres across the world. The main goal is to provide AI services, especially offering AI computing power to companies like OpenAI. Through this, Oracle wants to compete with top cloud players like Amazon Web Services (AWS) and Microsoft Azure.
To fund these big projects, Oracle had also announced a plan to raise around $50 billion by 2026. This money is expected to be raised through debt and selling shares. However, market analysts estimate that these investments could hit the company’s cash flow over the next few years.
As part of this, Oracle is reportedly planning to review jobs across its many divisions. The word is that with AI technology growing so fast, some jobs might not be needed in the future, leading to job cuts in those areas.
It’s also being said that the company is considering slowing down or even stopping new hiring in its cloud division for now. Currently, Oracle has about 162,000 employees working for it worldwide.
Reports suggest that Oracle is planning to cut between 20,000 and 30,000 jobs. This would be one of its biggest restructuring moves to manage costs from its aggressive AI data centre expansion.
Layoffs in the tech sector are on the rise because of huge investments in setting up AI data centres. It’s worth remembering that last year, Microsoft laid off about 15,000 employees. Similarly, many companies are cutting their staff numbers to balance their investments in AI and cloud technology.
MENAFN09032026007385015968ID1110835747