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Tech and finance layoffs: Oracle, Block, Morgan Stanley, Capital One headline brutal week for job losses
The past week has seen significant job losses across the tech and financial sectors, with companies like Oracle, Block, Morgan Stanley, Capital One, and eBay announcing layoffs. Oracle plans to cut “thousands” of jobs to fund its AI data center expansion, though some cuts are also attributed to AI making certain roles less necessary. The exact number of job losses for Oracle is still fluid.