AI bet goes awry: Oracle fires 21,000 employees

Oracle Corporation has laid off 21,000 employees following a failed bet on artificial intelligence, the company confirmed. The mass layoffs represent a significant workforce reduction as the tech giant restructures after its AI investments did not yield expected returns.

Article URL: https://www.msn.com/en-us/money/economy/ai-bet-goes-awry-oracle-fires-21-000-employees/ar-AA28vWuD Comments URL: https://news.ycombinator.com/item?id=49025754 Points: 1 Comments: 0