Tag: stock decline
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Oracle Cuts 30,000 Jobs
Oracle’s Aggressive AI Bet Triggers Massive Layoffs, Reshaping Enterprise Software Landscape In a stark illustration of the tech sector’s high-stakes pivot to artificial intelligence, Oracle Corp. has initiated what may be its largest workforce reduction ever, potentially cutting up to 30,000 jobs—nearly 19% of its 162,000 employees as of May 2025. The layoffs, which began…
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Alibaba’s Qwen Glasses Rival Meta Ray-Bans
Alibaba’s Qwen AI Gambit: Bold Wearables Launch Amid Leadership Turmoil and Stock Woes Alibaba’s Qwen smart glasses stole the spotlight at Mobile World Congress 2026 in Barcelona, delivering a lightweight AR experience with heads-up displays, swappable batteries, and real-time AI features like object recognition and turn-by-turn navigation that rival Meta’s Ray-Ban smart glasses. Hands-on tests…