12-August-2026
Corporate News
 
Oracle plans fresh layoffs as AI spending piles up billions in debt: Report
12-Aug-2026

Oracle is reportedly planning another round of job cuts as the cloud giant looks to reduce payroll while spending billions of dollars to build AI infrastructure.The potential layoffs could affect double-digit percentages of employees on some teams, Business Insider reported, citing people familiar with the plans and an internal document reviewed by the publication.

News Source:- https://economictimes.indiatimes.com/news/international/global-trends/oracle-plans-fresh-layoffs-as-ai-spending-piles-up-billions-in-debt-report/articleshow/133173023.cms
 
 
 

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