Oracle cutting thousands in latest layoff round as company continues to ramp AI spending

Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads..

• In this article Oraclehas started telling employees that it's cutting thousands of jobs, CNBC has confirmed, as the software maker deals with a plummeting stock price tied to hefty capital commitments for building out AI infrastructure
• While Oracle's core business is on the receiving end of market panic about competitive risk from generativeartificial intelligencemodels, the company is also facing pressure from investors about the amount of debt it's raising for AI investments and its dwindling cash flow
• Business Insiderreported on the latest cuts earlier on Tuesday