Oracle Plans Deep Job Cuts as AI Investment Weighs on Finances

Oracle Corporation is preparing to cut between 20,000 and 30,000 jobs due to investor pressure related to its heavy spending on artificial intelligence infrastructure. This decision could mark one of the most significant workforce reductions in the company's history, as its shares have fallen by nearly 25%. The layoffs aim to improve the company's financial flexibility while maintaining its long-term investment plans in AI.