Oracle’s headcount declined by 21,000, or 13 percent, in the fiscal year ending May 31.The corporation had roughly 141,000 workers before the latest round. The timing is important since Oracle is pouring money into the infrastructure needed for its developing AI and cloud business.
- Investors will be monitoring to see if Oracle can sustain its AI buildout without letting debt growth and cost cutting become a greater part of the story.*
Meanwhile Ellison pursues a Paramount-Warner Bros merger.
“Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount,” a Paramount press release published Monday states.
Has Larry bitten off more than he can chew?