Oracle laying off thousands of workers to cut costs amid AI push: report

Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs. The number of layoffs in the thousands, according to a report by CNBC that cited two people familiar with the matter.Oracle has recently ramped up capital spending to build artificial intelligence (AI) data centers as the company looks to incorporate those tools into its business software services. The company's stock has been volatile over the last year amid the AI ...