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Oracle plans fresh layoffs as AI spending piles up billions in debt: Report

Posted on August 12, 2026
By Business News Today
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Oracle plans fresh layoffs as AI spending piles up billions in debt: Report

Oracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The company's employee count already fell significantly last fiscal year. Oracle spent billions on data centers and computing capacity for AI demand.