Atlassian Corp. plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown.

Over the past few weeks, cracks have started to appear in the tech sector’s growth plans for artificial intelligence.

Oracle beats Q3 revenue forecasts, uses AI to boost productivity, restructures teams, and plans job cuts while expanding ...

Amid rapid AI-driven restructuring, major tech companies including Meta, Oracle to Amazon have collectively cut more than ...

But did Oracle convince investors? Reading time 3 minutes In a third-quarter earnings report on Tuesday, tech giant Oracle announced quarterly revenue growth above expectations and an increased sales ...

Oracle is planning to cut thousands of jobs due to a "cash crunch" resulting from a massive AI data center expansion effort.

Oracle is reportedly planning thousands of job cuts and slowing hiring as rising AI data centre costs force the company to reshape its workforce to fund its ambitions.

The move reflects a broader shift in tech as companies redirect money from payroll to AI infrastructure ...

Oracle Corporation is considering cutting up to 30,000 jobs to fund its AI infrastructure expansion, according to a report by ...

Oracle is planning significant job cuts and reviewing hiring as it invests heavily in AI infrastructure, raising concerns about the company's finances and future growth.

Tech Mahindra has firmly denied social media rumours of large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration. The IT major, employing 1.5 lakh people ...

Oracle reportedly planning massive layoffs involving thousands of employees as AI spending creates cash crunch. Job cuts ...