Oracle lays off 21,000 employees as it adopts AI technology.

Oracle lays off 21,000 employees as it adopts AI technology.
Summary
The company plans to restructure its development group for better resource allocation.
Cloud and AI business growth drives the need for organizational adjustments.
Focus on delivering the best products to customers globally remains a priority.

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In a statement to the BBC, the company emphasized its commitment to evolving its cloud and AI sectors. They highlighted that as these businesses expand, they will consistently adjust their resource allocation and reorganize their development team. This strategic approach is aimed at ensuring that they have the optimal talent to provide top-notch cloud and AI solutions to clients globally.

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