Layoffs For AI: Oracle Pulls A Meta—Will Investors Buy The Efficiency Story?
1. Oracle cut 10% of its OCI workforce in India to boost automation. 2. The layoffs aim to replicate Meta's successful efficiency model in AI. 3. Investors are cautious about potential innovation slowdowns affecting OCI growth. 4. Oracle faces high stakes in a competitive cloud market post-layoffs. 5. Market reaction will depend on the balance of cost-cutting and growth.