Reporting archive
Evidence on AI and work
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Oracle reportedly lines up another layoff round as AI infrastructure spending keeps climbing
Oracle is reportedly preparing another round of layoffs this month while it keeps spending heavily on AI infrastructure. The supplied reporting says managers were told to identify affected staff before September 1, while Oracle’s filing links restructuring to AI adoption.
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State Street links AI transformation to net headcount decline forecast and $1 billion target
State Street expects its technology- and AI-enabled transformation to deliver about $1 billion in annual run-rate benefits by 2029 and said net headcount would be down in the “low single digits range” after reinvestment.