New Delhi, Aug. 12 -- Oracle is reportedly preparing for another round of workforce reductions as the cloud and technology giant looks to rein in costs while continuing to invest heavily in artificial intelligence infrastructure.
According to a Business Insider report citing people familiar with the plans and an internal document, the proposed cuts could affect a double-digit percentage of employees in some teams.
Managers have reportedly been asked to identify positions that could be eliminated, with the company targeting payroll reductions by the beginning of its second quarter on September 1.
The potential layoffs come only months after Oracle recorded a significant decline in its workforce. In a recent regulatory filing, the company ...