Oracle — one of the world’s largest enterprise software and cloud computing companies — is reportedly planning to lay off up to 30,000 employees, which would amount to nearly 19% of its global workforce. The potential layoffs are part of a broad restructuring initiative aimed at cutting costs, realigning business priorities and investing more heavily in high-growth areas such as artificial intelligence and cloud innovation. According to internal and industry sources, the cuts may unfold in stages over the coming months as Oracle reviews priorities across various divisions. The company has faced pressure to improve profitability and adapt more quickly to changing enterprise software demand — particularly as rivals intensify competition in AI, cloud services and digital transformation. Slow Growth and Competitive Challenges One of the key factors cited for the workforce reduction is Oracle’s slower growth trajectory in core software and database businesses compared with past performance. While Oracle remains a major player in enterprise IT, customer spend patterns have shifted, with organisations increasingly favouring agile cloud-native services and AI-enabled platforms that are rapidly evolving worldwide. Investors and analysts have noted that Oracle’s traditional licensing and maintenance revenue streams have been under pressure, prompting leadership to seek more streamlined,… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
