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Investing.com -- Oracle Corp. is reducing its workforce in its cloud division as the company works to manage costs while investing heavily in artificial intelligence infrastructure.
Employees affected by the job cuts were informed this week that their positions had been eliminated, according to Bloomberg, citing people with knowledge of the situation. Some of the layoffs were performance-related, and the cloud unit is still actively recruiting new talent, according to two sources familiar with the matter.
Oracle has not responded to multiple requests for comment about the workforce reductions. The total number of positions being eliminated remains unclear.
The job cuts were initially reported by industry publication DatacenterDynamics.
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