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Oracle cut about 21,000 roles, 13% of its workforce, in the same fiscal year it spent $55.7 billion building AI data centers, and Business Insider reports another round is planned before September 1. The capability that money buys will belong to every competitor, and the people it paid for will not come back.
This article originally appeared on Forbes.com on April 19, 2024
Originally featured in Forbes
WSJ-bestselling author · Former Managing Director of Innovation, Cisco · Advisor, CSU AI Working Group · LinkedIn Top AI Voice