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Analysts suggest these reductions are part of a larger restructuring to finance artificial.
Oracle is laying off about 700 employees in California and 491 in Seattle by June 1.
KEY POINTS
- Analysts predict Oracle could eventually cut up to 30,000 jobs to fund AI infrastructure projects.
- Oracle filed for 3,126 H-1B worker petitions in 2025 and 2026 despite ongoing layoffs.
- Oracle's revenue rose 22% to over $17 billion in its fiscal third quarter despite job cuts.
- Hilary Maxson was appointed as Oracle's new chief financial officer this week.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →