Oracle cuts 700 jobs

Oracle has started cutting staff in California—about 700 roles in an initial wave—as it restructures to fund AI projects and data‑centre investments. Reports warn that these early reductions could presage larger job cuts as the company reallocates capital toward capital‑intensive AI infrastructure rather than legacy software lines. The move exemplifies a wider pattern of firms financing AI buildouts by trimming other parts of the business. (economictimes.indiatimes.com)