Media reports indicate that Oracle (ORCL.US) plans to lay off employees in its cloud computing division while increasing investment in artificial intelligence and reducing costs.
Sources reveal that affected employees were informed this week that their positions have been eliminated, and some layoffs are related to performance issues, but the division is still actively hiring

ORCL

Media reports indicate that Oracle plans to lay off employees in its cloud computing division while increasing investment in artificial intelligence and reducing costs. The news reveals that affected employees were informed this week that their positions have been eliminated, and some layoffs are related to performance issues, but the division is still actively hiring

According to reports, Oracle has laid off some employees in its cloud computing department