Oracle Corporation, the tech giant with an estimated $189 billion valuation, is significantly reducing its workforce. The cuts, impacting thousands of employees, come as the company invests heavily in artificial intelligence.

Job Cuts Across Multiple Departments

The layoffs span various departments within Oracle, including senior engineers, architects, operations leaders, program managers, and technical specialists. According to a farewell message from company senior manager Michael Shepherd, affected employees were informed that their roles were eliminated “after careful consideration of Oracle’s current business needs” as part of a broader organizational change.

Ellison's Ties to Trump and Net Worth

Larry Ellison, Chairman and Chief Executive Officer of Oracle, is a prominent supporter of former President Donald Trump. He was previously tapped by Trump to join his science and technology advisory council. Ellison’s net worth is approximately $189 billion, making him the sixth-richest person globally.

President Trump to Address Iran Conflict

President Donald Trump is scheduled to address the nation on Wednesday evening regarding the ongoing war in Iran. White House Press Secretary Karoline Leavitt announced the address on X (formerly Twitter), stating it will take place at 9 PM ET. This will be Trump’s first designated public address on the conflict since March 1st.

Previous Statements on Military Casualties

In his initial video address on March 1st, Trump acknowledged the potential for further American military casualties. Since then, ten additional American troops have been killed, and over 200 have been wounded, according to U.S. military officials. The administration has not provided a comprehensive update on the conflict’s progress.

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