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Oracle cuts over 150 jobs in its cloud division amidst rising AI infrastructure costs.
Oracle is reducing its workforce in the cloud division due to rising costs associated with building AI infrastructure.
The company cut over 150 jobs, mostly in Seattle, while still hiring in other areas like Nashville.
This follows similar cost-cutting measures by tech giants like Microsoft, Amazon, and Meta.
Despite the layoffs, Oracle's stock remains near record highs, bolstered by a recent major cloud deal with OpenAI, though the company faces significant expenses in expanding its data centers for AI.
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Oracle recorta más de 150 empleos en su división de nube en medio del aumento de los costos de infraestructura de IA.