Tech giant Oracle makes 'significant' job cuts

Tech giant Oracle makes 'significant' job cuts 1 hour ago Share Save Add as preferred on Google Kali Hays Technology reporter Reuters Oracle co-founder Larry Ellison (pictured) is one of the world's richest people Tech giant Oracle made "significant" job cuts on Tuesday, according to senior employees posting online, as it makes big investments in artificial intelligence (AI). Michael Shepard, a senior manager, was not affected by the job cuts but wrote on LinkedIn on Tuesday "senior engineers, architects, operations leaders, program managers, and technical specialists" had been let go. He said the cuts were not performance based. Oracle declined to comment. Oracle has been using AI tools internally and executives have previously said it enables fewer employees to do more work. "The use of AI coding tools inside Oracle is enabling smaller engineering teams to deliver more complete solutions to our customers more quickly," Mike Silicia, Oracle's other co-chief executive, said earlier this month. Silica noted at the time that such AI tools had helped create new ways of generating sales leads and the automatic selling of Oracle services. He said the company recently used AI to build out its new company website. Oracle is one of the largest tech companies in the world and it offers software and cloud computing infrastructure to other companies. Larry Ellison, one of the richest people in the world, is Oracle's co-founder, chairman, and chief technology officer. …