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Oracle tops up restructuring fund for FY26 by $500M

1 day 17 hours ago
Pot of money grows to $2.1BN for fiscal '26, as Big Red exec says AI helping smaller engineering teams do more

Oracle has increased funding for its restructuring plans for the current financial year by $500 million, with some observers anticipating a spate of job losses.…

Lindsay Clark

Atlassian CEO Cites AI Shift When Announcing Plan To Shed 1,600 Jobs

1 day 17 hours ago
An anonymous reader quotes a report from Bloomberg: Atlassian plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown. Australian billionaire founder Mike Cannon-Brookes explained the reductions in a staff memo, while also announcing his chief technology officer was leaving the Sydney-based company. "It would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas," Cannon-Brookes said. "It does."

Read more of this story at Slashdot.

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