Oracle Plans August Layoffs as It Expands AI Data Center Spending

Oracle is reportedly planning another round of layoffs in August as it borrows heavily to fund a major buildout of AI data centers. According to reporting cited by Yahoo Finance, managers have been asked to identify affected employees, and some teams could see double-digit percentage cuts before Oracle’s next fiscal quarter begins on Sept. 1. The move follows a year in which Oracle’s workforce fell by 21,000 people, or 13%, underscoring how the company’s aggressive AI spending is reshaping jobs across the business.