Oracle Is Cutting More Jobs While Spending $90 Billion on AI

Oracle is implementing new layoffs affecting thousands of employees to offset massive investments in artificial intelligence infrastructure. The company anticipates capital expenditures between $90 billion and $95 billion this year for data centers and chips. According to its 10-K filing, workforce reductions are directly linked to AI deployment. Despite strong revenue growth, Oracle has accumulated $125 billion in debt to fund this expansion, resulting in a lower credit rating compared to its hyperscaler competitors.