NAIC has confirmed it was targeted in the recent hacking campaign that exploited an Oracle PeopleSoft zero-day vulnerability.

Oracle carried out layoffs in March. A new filing shows how much smaller the workforce is compared to this time last year.

Oracle shed 13% of its workforce while spending $55.7 billion on data centres. Its SEC filing explicitly cites AI adoption as the cause of job losses.

The scale of the cuts was revealed in a regulatory filing Monday, showing Oracle’s workforce shrank from 162,000 full-time ...

Oracle has decreased its workforce by tens of thousands in the past year while spending $70 billion to fund its AI expansion.

The company says its AI adoption and deployment may result in further reductions.