ORCL targets payroll reductions as debt rises to fund billions in artificial intelligence infrastructure investments.
Oracle is preparing a new round of layoffs this month to cut costs as it accumulates billions in debt. The company is prioritizing spending on artificial intelligence infrastructure, which has strained its financials.
The move follows previous workforce reductions and reflects broader industry shifts toward AI-driven growth. Oracle has not disclosed the scale of the layoffs or specific divisions affected.
Shares of ORCL showed limited immediate reaction to the report, trading near prior levels.