Oracle Layoffs: Tech giant to slash 30,000 jobs as banks pull out from financing AI data centres | Company Business News

submitted by Deceptichum to technology 337 points | 39 comments https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report.